Royal Oak Towers

Sold | $9,073,000

Ferndale, MI | Units: 200 | Price Per Unit: $45,365 | Avg Sq Ft: 490 | GRM: 6.88 | DSC: 1.40 | Listing Agent: Greg Coulter & J.J. Zwada

Location

Executive Summary

Royal Oak Towers is situated on the west side of Wyoming Avenue, just north of Eight Mile Road in Ferndale. This tower style community was built in 1976 and has received numerous updates in recent years. The property offers a diversified and extremely competitive unit mix comprised of 190 one-bedroom units with approximately 482 sq.ft. of living space and 10 two-bedroom units with approximately 651 sq.ft. of living space. The unit’s themselves are in excellent condition with as needed repairs and updates happening frequently.