MI > Royal Oak > Assr'S Plat No 22 - Royal Oak
Royal Oak, MI 48067,617 E HUDSON Avenue
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JEFF HIGGINS

JEFF HIGGINS

+1(248) 233-6165
$ 1,199,000
Est. payment | /mo

8 Beds

8 Baths

4,852 SqFt

Save
$ 1,199,000
Est. payment | /mo
Save

8 Beds

8 Baths

4,852 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,852 sqft

Price per Sqft $247

Subdivision Assr'S Plat No 22 - Royal Oak

MLS Listing ID 20240069222

Style Other

Bedrooms 8

Full Baths 8

Originating Board Realcomp II Ltd

Year Built 1956

Annual Tax Amount $15,577

Lot Size 0.450 Acres

Acres 0.45

Lot Dimensions 66.00 x 292.00

Property Description

Incredible Investment Opportunity just minutes from Downtown Royal Oak! This 8 Unit multifamily has over $100K in capital improvements in 2024 including New Windows, Vertical Steel Siding/Soffits/Fascia/Gutters, New Sign, Exterior Painting, Laundry Facilities and complete renovation of Unit 1. There is great upside potential to increase rent after renovations: Unit 1 (2Bed/1Bath) was previously renting at $1025/mo and post renovation is now at $1700/mo. The 1Bed/Bath units once renovated should go for upward of $1300/mo. There is additional tremendous opportunity for rental income growth to convert units to Short Term Rentals as shown through AirDNA on the 1Bed/1Bath Units. This property is ideally located in Royal Oak; Situated adjacent to a brand new park and with excellent proximity to Beaumont Hospital, The Detroit Zoo, Royal Oak Music Theater, Major Freeways, Downtown Detroit and DTW. Royal Oak is housed in Oakland County which is the wealthiest county in all of Michigan and the second largest, which drives the demand for housing and short term rentals, alike! Reach out to Chris for additional investment/financial/area information!

Location

State MI

County Oakland

Area Royal Oak

Zoning Multi-Family,Residential

Direction From 696, Exit onto Woodward Ave and head North. Take a right onto W Lincoln Ave. Turn right onto S Main St to head south. E Hudson Ave will be on your Left. Just past the Park on your left is the drive.

Interior

Interior Features Laundry Facility

Hot Water Natural Gas

Heating Baseboard, Hot Water

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Fenced

Garage Spaces 2.0

Waterfront no

Roof Type Asphalt

Porch Patio, Patio - Covered

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Other

Level or Stories 1 Story

Structure Type Aluminum,Brick,Steel

Schools

School District Royal Oak

Others

Pets Allowed No

Tax ID 2522326024

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Patricia Lotz of Real Estate One-Brighton

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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617 E HUDSON Avenue