Apartment Buildings /MI /Oakland County /Royal Oak /1804-1818 E 11 Mile Rd
Apartment Buildings /MI /Oakland County /Royal Oak /1804-1818 E 11 Mile Rd

1804-1818 E 11 Mile Rd - Apartments FOR SALE


Royal Oak, MI 48067 | 
$1,510,000 USD
360-989-5395
1804-1818 E 11 Mile Rd, Royal Oak, MI for Sale
$1,510,000 USD
Apartments - FOR SALE
1/14
null | 6.5% Cap Rate
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1804-1818 E 11 Mile Rd
Royal Oak, MI 48067

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HIGHLIGHTS

  • Walkable
  • Fully Occupied
  • Stabilized

OVERVIEW

1804 E 11 Mile is a stabilized 8-unit apartment building located in Royal Oak, Michigan. All 8 units are 1 bedroom 1 bath, 550 square feet. There are 13 parking spaces for the apartment building. The property is 100% occupied grossing over $10,350 per month.

FOR SALE DETAILS

PRICE

$1,510,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

8

PRICE/UNIT

$188,750

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Mile Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,667 SF

ZONING

Multifamily

APN/PARCEL ID

25-23-102-040

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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