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$ 2,600,000
Est. payment /mo
Active
3915 Devon Royal Oak, MI 48073
28 Baths
9,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,800 sqft
Price per Sqft $265
Subdivision Mi
MLS Listing ID 60967268
Style 2 Story
Full Baths 14
Half Baths 14
Year Built 1953
Annual Tax Amount $20,577
Lot Dimensions 100x50
Property Sub-Type Multi-Family
Property Description
Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon 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 Devon Street Apartments offers a rare combination of stability and upside potential in a prime location
Location
State MI
County Oakland
Area Royal Oak (63251)
Zoning Multi-Family
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Exterior Feature Brick, Wood
Building
Story 2 Story
Foundation Slab
Water Public Water
Structure Type Brick,Wood
Schools
School District Royal Oak Neighborhood Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC