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$ 1,070,000
Est. payment /mo
Active
2129 Normandy RD Royal Oak Charter Township, MI 48073
12 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $305
Subdivision Starr Acres
MLS Listing ID 20261006660
Style Bungalow
Full Baths 6
Half Baths 6
Year Built 1955
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type MultiFamily
Property Description
The Woodland Apartments is a fully stabilized, 6-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 6 units. Of the 6 units 5 of them are one bed one bath, and 1 is two bed one bath. The property has 6 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $7,500. Over the last few years, the Kent Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Woodland Apartments offers a rare combination of stability and upside potential in a prime location.
Location
State MI
County Oakland
Area Area02251Royaloak
Interior
Heating Baseboard, Natural Gas, Separate Meters
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Royal Oak
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Brady Williams of Greater Development LLC