$3,667,700 Price Analysis    ♡   Royal Oak, MI 48073 28 bed 48 bath 21,500 SqFt ($170/SqFt) 0.94 acre lot. Built 1963 Listed 2023-12-26, Taxes $57,575 | Ⓧ USDA Ineligible due to price & location near Royal Oak |
Welcome to Altitude West
* Sale Pending *An exceptional multifamily community comprising 24 units, strategically positioned adjacent to the prestigious Beaumont Royal Oak hospital. This thriving property, currently enjoying stable cash flow, presents an exciting opportunity for investors seeking to maximize value through strategic renovations and elevate the living experience for residents. Altitude West presents an exciting investment opportunity with a proven track record of successful renovations and increased rental income.
The fact that the property has already undergone renovations, resulting in higher rental rates, establishes a positive precedent for future improvements. The presence of an effective property management team at Altitude West ensures a seamless transition for ownrs and contributes to the overall success of the investment. In summary, Altitude West offers a unique blend of stability, strategic location and renovation potential, making it an ideal choice for investors seeking long-term appreciation and value growth in the dynamic real estate market of Royal Oak.
Presented by Brady Williams at
Greater Development LLC.
Property MLS #20230105550 from Realcomp
Full Bathrooms: 24
1/2 Bathrooms: 24
Heating Fuel: Natural Gas
Road Frontage Type: Paved
Lot Size Dimensions: 100x400
Lot Size Square Feet: 40946
Number of 1 Bedroom Units: 20
Number of 2 Bedroom Units: 4
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 60384
Source Listing Status: Pending
County: Oakland
Directions: 13 Mile and Greenfield
Source Property Type: Multifamily
Area: Royal Oak
Source Neighborhood: OAKLAND HIGHLANDS
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 2506353013
Postal Code Plus 4: 6510
Subdivision: OAKLAND HIGHLANDS
Zoning: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $unknown + $unknown $1,034,140 | $57,575 |
| 2020 | $unknown + $unknown $1,034,980 | $57,502 |
| 2019 | $unknown + $unknown $990,700 | $56,661 |
| 2018 | $unknown + $unknown $554,640 | $26,574 |
| 2017 | $unknown + $unknown $564,530 | $25,600 |
| 2016 | $unknown + $unknown $533,140 | $25,734 |
| 2015 | $unknown + $unknown $482,050 | $25,617 |
| 2014 | $unknown + $unknown $436,320 | $25,473 |
| 2013 | $unknown + $unknown $430,580 | $23,659 |
| 2012 | $unknown + $unknown $440,300 | $24,192 |
| 2011 | $unknown + $unknown $453,010 | $23,208 |
| 2010 | $unknown + $unknown $518,270 | $26,545 |
| 2009 | $unknown + $unknown $670,000 | $34,298 |
| 2008 | $unknown + $unknown $670,200 | $33,362 |
| 2007 | $unknown + $unknown $670,500 | $33,379 |
$3,667,700
Realcomp
Listing removed 2024-04-17
$0
Realcomp
Listed 2023-12-26
$3,667,700
Realcomp
Sold 2018-09-24
$2,100,000
Public Record
Sold 1996-03-20
$350,000
Public Record
Operating Expense: 142515.00
Year Built: 1963
Construction Materials: Block/Concrete/Masonry, Brick
Foundation Details: Basement
Property Age: 61
House Style: Upper/Lower Apartment
Total Below Grade Area: 5000
Water Source: Public (Municipal)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.