Royal Oak Condo Portfolio – INCOME PROPERTY ORGANIZATION

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Royal Oak Condo Portfolio

Available | $1,860,000

617 E Lincoln Ave, Royal Oak, MI 48067 and
3800 Normandy Rd, Royal Oak, MI 48073
Property Type: Multifamily
Total Number of Units: 12
Average Square Feet: 708
Price Per Unit: $155,000
Gross Rent Multiplier: 9.82
Expense to Income Ratio: 50.89%
Debt Service Coverage: 0.95
Year One ROI: 0.76%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

BID DEADLINE: April 15, 2026

This friendly community is within walking distance to shopping, banks, parks, and a great school district. Lincoln Street Condos was built in 1952. It contains 7 condominium homes: 7 one-bed / one-bath units each measuring 500 square feet. Normandy Place Condos was built in 1955. It contains 5 condominium townhomes: 4 two-bed / one-bath units each measuring 950 square feet and 1 two-bed / 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.

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