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    316 Mary Avenue

    Royal Oak, MI 48073
    • $995,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 2210057790
    UPDATED: 49 min ago
    $995,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,547
      SQFT
    • $219
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:
    Zoning:
    Multi-Family
    Lot Size Dimensions:
    82.00X105.00

    School Ratings & Info

    School District:

    Description

    Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs attached

    Monthly Payment Calculator



    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-28T12:58:02.57.
    www.purchasemi.com/homes/119494081
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    316 Mary Avenue Royal Oak, MI 48073

    • Price: $995,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 2210057790
    0
    Beds
    5
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,547
    SQFT
    $219
    $/SQFT
    1957
    Built
    Neighborhood:
    Sunnybrook Sub
    County:
    Oakland
    Area:
    Royal Oak
    School District:
    ROYAL OAK
    Property Description
    Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs attached
    Exterior Features

    Architecture Level 2 Story Architecture Style Ranch Construction Materials Brick Exterior Features Awning/Overhang(S)Outside Lighting Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 82.00X105.00 Multifamily Parking Lighted Parking Total 6 Pool YN No Porch Type DeckPatio Road Frontage Feet 105 Road Frontage Type Paved Roof Material Energy Starã‚® Shingles Waterfront YN No

    Interior Features

    Basement YN No Baths Total 5.00 Cooling Energy Starã‚® Qualified A/C Equipment Heating Energy Starã‚® Qualified Furnace Equipment Heating Fuel Electric Interior Features De-HumidifierDual-Flush Toilet(S)Energy Starã‚® Qualified Exhaust Fan(S)Energy Starã‚® Qualified Light Fixture(S)Fire SprinklerLaundry Facility Room Count 0 Sq Ft Combined 4547 Unit Efficiency Number Of 0 Unit One Bed Number Of 3 Unit Three Bed Number Of 1 Unit Two Bed Number Of 1 Water Heater Fuel Energy Starã‚® Qualified Water Heater

    Property Features

    Assessment 0 Encroachment YN No Gross Scheduled Income 82800.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing Cash Monthly Rental Income 7000 Net Operating Income 68568.00 Number Of Units Leased 5 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Royal Oak Protection Period 180 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 5709.0000 Tax Amount Winter 1078.0000 Title Private - Owned Total Tax 6787.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 316 MARY AVE Water Source Municipal Water Year Remodeled 2019 Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Real Estate One-Plymouth and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-28T12:58:02.57.
     
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    30500 Northwestern Hwy Ste 300
    Farmington Hills MI, 48334