Royal Oak Condo Portfolio

Available | $1,548,000Price Reduced

Royal Oak, MI | Units: 12 | Price Per Unit: $129,000 | Avg Sq Ft: 708 | GRM: 8.09 | DSC: 1.19 | Cash Flow: 14,755.00 | Year 1 ROI: 2.38% | Listing Agent: Greg Coulter

Location

Executive Summary

The Royal Oak Condo Portfolio, which consists of two properties, is located in Royal Oak, MI. This friendly community is within walking distance to shopping, banks, parks, and a great school district. Lincoln Street Condos were built in 1952. It contains 7 condominium homes: 7 one-bedroom, one-bath units each measuring 500 square feet.

Normandy Place Condos were built in 1955. It contains 5 condominium townhomes: 4 two-bedroom, one-bath units each measuring 950 square feet, and 1 two-bedroom, two-bath unit, measuring 1,200 square feet. Both properties have been well-maintained over the years. All the units have been upgraded to differing degrees, and many of the upgrades have occurred over the past 10 years.