New Construction
316 Mary Avenue Royal Oak, MI
$ 994,500
Property Attributes
  • ID#2210006710
  • TypeMulti-Family
  • CountyOAKLAND
  • CityRoyal Oak
  • AreaRoyal Oak
  • NeighborhoodSUNNYBROOK SUB
  • Zip48073
  • StyleRanch
  • Year Built1957
  • Taxes$ 6787
  • Price$ 994,500
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4547
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Real Estate One-Plymouth
Data Source:
Property Description

Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs available upon request

Price History
2/1/2021 Listed $995,000
3/10/2021 1% - $994,500

General Features

Construction Materials Brick
Cooling ENERGY STAR® Qualified A/C Equipment
Cumulative Days on Market 295
Gross Scheduled Income 82800.00
Heating ENERGY STAR® Qualified Furnace Equipment
Listing Agent Public Id 378510
Net Operating Income 68568.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 2509479014
Parking Total 6
Property Type Multifamily
School District Royal Oak
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name SUNNYBROOK SUB
Terms Offered Cash
Total Sq Ft 4547
Transaction Type Sale
Year Built 1957
Year Remodeled 2019
Zoning Multi-Family

Interior Features

Full Baths 5
Heating Fuel Electric
Interior Features De-Humidifier, Dual-Flush Toilet(s), ENERGY STAR® Qualified Exhaust Fan(s), ENERGY STAR® Qualified Light Fixture(s), Fire Sprinkler, Laundry Facility
Total Baths 5.00
Total Units 5
Unit Count 5

Exterior Features

Architecture Level 2 Story
Architecture Style Ranch
Exterior Features Awning/Overhang(s), Outside Lighting
Foundation Slab
Foundation Materials Poured
Frontage Feet 105
Lot Size Area 0.20
Lot Size Dimensions 82.00X105.00
Porch Deck, Patio
Roof Material ENERGY STAR® Shingles
Water Source Municipal Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of May 18, 2021 3:56 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48073

AVG $590K
AVG $6,257
AVG 63
Year Built
AVG 1946
AVG 55
Data Provided by Walkscore ® not using MLS data