1002 Washington AveRoyal Oak, MI 48067

Property Details for 1002 Washington Ave

Year built

1910

Property size (Sq ft)

2,087 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a charming, historic two-story apartment building situated in the heart of Royal Oak, Michigan. Boasting a total of 2,087 square feet, this property comprises three one-bedroom units and one studio apartment, all currently occupied at 100% capacity, providing immediate and stable income. Built in 1910, the building exudes timeless character while offering a strong return on investment. The asking price is $565,000, translating to approximately $188,333 per unit and $270.72 per square foot. The property features a convenient two-car garage. All tenants are on month-to-month leases. Located at 1002 S Washington Ave and 309 W Hudson Ave, Royal Oak, MI 48067, this multifamily property benefits from a prime location within a desirable and thriving community, offering strong demographics and significant potential for long-term growth. This is a rare opportunity for investors seeking a stable, income-generating asset in a highly sought-after area. The building's solid occupancy rate and historic charm make it an attractive proposition for discerning investors.

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.4814

Longitude

-83.1468

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