Royal Oak Portfolio – INCOME PROPERTY ORGANIZATION

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Royal Oak Portfolio

Available | $8,160,000

23001 W 14 Mile Rd, 3210 Greenfield Rd,
617 E Lincoln St, and 3800 Normandy Rd,
Royal Oak, MI 48073
Property Type: Multifamily
Total Number of Units: 54
Price Per Unit: $151,111
Average Square Feet: 802
Gross Rent Multiplier: 10.78
Expense to Income Ratio: 45.11%
Debt Service Coverage: 1.06

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

BID DEADLINE: April 15, 2026

Royal Oak Portfolio is located in Royal Oak, MI, a friendly community that is within walking distance to shopping, banks, parks, and a great school district. The complexes were built in 1960, 1965, 1952, and 1955 and have been well-maintained over the years with mature trees and landscaping. It contains 42 apartments: 30 one-bedroom, one-bath units each measuring 700-800 square feet, and 12 two-bedroom, one-bath units each measuring 980-1,250 square feet. In addition, there are 12 condominium units: 7 one-bedroom, one-bath units each measuring 500 square feet, 4 two-bedroom, one-bath townhome units each measuring 950 square feet, and 1 two-bedroom, two-bath townhome unit measuring 1,200 square feet.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio