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Royal Oak Condo Portfolio 1 Multifamily Properties Offered at $1,860,000 in Royal Oak, MI
Executive Summary
The Royal Oak Condo Portfolio, which consists of two properties, is located in Royal Oak, MI. 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-bedroom, one-bath units, each measuring 500 square feet.
Normandy Place Condos was built in 1955. It contains 5 condominium Townhomes: 4 two-bedroom, one-bath units, each measuring 950 square feet. &
1 two-bedroom, two-bath unit, each 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.
banks, parks, and a great school district.
Lincoln Street Condos was built in 1952. It contains 7 condominium homes: 7 one-bedroom, one-bath units, each measuring 500 square feet.
Normandy Place Condos was built in 1955. It contains 5 condominium Townhomes: 4 two-bedroom, one-bath units, each measuring 950 square feet. &
1 two-bedroom, two-bath unit, each 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.
Property Facts
| Price | $1,860,000 | Number of Properties | 2 |
| Price / SF | $184.16 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 10,100 SF |
| Sale Type | Investment | Total Land Area | 0.54 AC |
| Status | Active |
| Price | $1,860,000 |
| Price / SF | $184.16 / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,100 SF |
| Total Land Area | 0.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 617 E Lincoln Ave, Royal Oak, MI 48067 | Multifamily | 10,100 SF | 1952 | - |
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Royal Oak Condo Portfolio
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