3808 Rochester Rd - Apartments FOR SALE


Royal Oak, MI 48073
$860,000 USD
248-935-2754
3808 Rochester Rd, Royal Oak, MI for Sale
$860,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

3808 Rochester Rd
Royal Oak, MI 48073


HIGHLIGHTS

  • This well-maintained multifamily investment provides three fully occupied apartments with a prime location and growth potential.
  • The building can easily be divided, allowing a new owner to resell the units as individual condos.
  • Conveniently accessible via I-75 and I-696, residents enjoy quick commutes and proximity to quality shopping and dining amenities.
  • More than 323,000 residents live within five miles of the property, with more than 32% renting their homes and an average household income of $104k.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

3

PRICE/UNIT

$286,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,428 SF

ZONING

A1

APN/PARCEL ID

25-03-332-017

ASK ABOUT THIS PROPERTY

Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

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Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.