Royal Oak, MI 48073,4312 W 13 MILE Road
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$ 3,667,700
Est. payment | /mo

24 Beds

36 Baths

21,500 SqFt


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$ 3,667,700
Est. payment | /mo
Save

24 Beds

36 Baths

21,500 SqFt

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

Originating Board Realcomp II Ltd

Year Built 1963

Annual Tax Amount $60,384

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions 100x400

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

Direction 13 Mile and Greenfield

Rooms

Basement Partially Finished

Interior

Interior Features Laundry Facility

Heating Baseboard, Hot Water

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 29.0

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Upper/Lower Apartment

Level or Stories 2 Story

Structure Type Block/Concrete/Masonry,Brick

Schools

School District Royal Oak

Others

Pets Allowed Yes

Tax ID 2506353013

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, Covenant Deed

Listing Terms Cash, Conventional, Covenant Deed

Financing Cash,Conventional,Covenant Deed

Realcomp MLS
Listed by Brady Williams of Greater Development LLC

GET MORE INFORMATION

JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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4312 W 13 MILE Road