4312 W 13 MILE Road Pending Save Request In-Person Tour Request Virtual Tour
Royal Oak,MI 48073
Key Details
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 21,500 sqft
Price per Sqft $170
Subdivision Oakland Highlands
MLS Listing ID 20230105550
Style Upper/Lower Apartment
Bedrooms 24
Full Baths 24
Half Baths 24
Year Built 1963
Annual Tax Amount $60,384
Lot Size 0.940 Acres
Property Description
Welcome to Altitude West, an exceptional multifamily community comprising 24 units, strategically positioned adjacent to the prestigious Beaumont Royal Oak hospital. This thriving property, currently enjoying stable cash flow, presents an exciting opportunity for investors seeking to maximize value through strategic renovations and elevate the living experience for residents.
Altitude West presents an exciting investment opportunity with a proven track record of successful renovations and increased rental income. The fact that the property has already undergone renovations, resulting in higher rental rates, establishes a positive precedent for future improvements.
The presence of an effective property management team at Altitude West ensures a seamless transition for owners and contributes to the overall success of the investment.
In summary, Altitude West offers a unique blend of stability, strategic location, and renovation potential, making it an ideal choice for investors seeking long-term appreciation and value growth in the dynamic real estate market of Royal Oak.
Location
State MI
County Oakland
Area Royal Oak
Zoning Multi-Family
Interior
Heating Baseboard,Hot Water
Laundry 1
Exterior
Garage Spaces 29.0
Waterfront no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Royal Oak
Others
Acceptable Financing Cash,Conventional,Covenant Deed
Listing Terms Cash,Conventional,Covenant Deed