EXP Realty invites qualified investors to discover a well-maintained multifamily investment property with a prime location in the Royal Oak suburb of Detroit, Michigan, at 3808 Rochester Road.
Spanning 5,614 square feet on 0.26 acres, 3808 Rochester Road includes three modern apartment units with unique points of entry, full basements, separate utilities, and shared carport parking. All units are currently leased, and the property can easily be divided and resold as individual condos.
Less than 15 miles northeast of Detroit, cradled where I-75 intersects I-696, is Royal Oak. While Royal Oak is a suburb of Detroit, it also has its own downtown area containing over 70 restaurants, in addition to retail shops and nightlife venues. Major events held in Downtown Royal Oak include the Ford Arts, Beats, and Eats Festival and part of the Woodward Dream Cruise. The Detroit Zoo is also located in Royal Oak. Convenient to major highways and Downtown Detroit, Royal Oak offers residents a small-town feel near the big-city vibe as well as simple commutes and travels.
Royal Oak provides a valuable pool of potential future residents to a new owner of 3808 Rochester Road within five miles of the property. More than 323,000 residents call the area home, with more than 32% currently renting their homes. A strong average household income of more than $104,000 results in impressive spending of more than $790 million on household segments.