316 Mary Ave Royal Oak, MI
$ 994,500
Property Attributes
  • MLS#40141984
  • TypeMulti-Family
  • CountyOAKLAND
  • CityRoyal Oak
  • AreaRoyal Oak
  • NeighborhoodRoyal Oak
  • Zip48073
  • StyleRanch
  • Year Built1957
  • Taxes6787
  • Price$ 994,500
  • Bedrooms0
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4547
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Real Estate One-Plymouth
Data Source:
Michigan Multiple Listing Service
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

Bathrooms 5
Community Amenities Laundry Facility, Pets-Not Allowed
Directions Enter on Mary Ave and West of Main St.
Exterior Features Deck, Patio
Financial Terms Cash
Full Baths 5
Heating Electric Heat
Interior Features Fire Sprinkler
Legal Description T1N, R11E, SEC 9 SUNNYBROOK SUB LOTS 9 & 10
Listing Area Royal Oak (63251)
Municipality Royal Oak
Originating Mls RealComp
Ownership Private
Parking Lighted
School District Royal Oak Neighborhood Schools
Source Mls MI Real Source
Status Active
Status Active
Structure Style 2 Story
Style Ranch
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Year Built 1957
Zoning Multi-Family

Interior Features

Fireplace? No
Fuel Type Electric
Total Number of Units 5

Exterior Features

Exterior Brick
Foundation Type Slab
Frontage 105
Lot Dimensions 82.00X105.00
Lot Size Area 0.2
Roads Paved Street
Sewer Septic Public Sanitary
Waterfront Y/N No


  • 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

Property vs Zip Code Average in 48073

AVG $700K
AVG $5,994
AVG 51
Year Built
AVG 1957
AVG 58
Data Provided by Walkscore ® not using MLS data