Pending

4312 W 13 MILE Road

Royal Oak MI, 48073

$3,667,700


$170.59 per sqft

Pending

28 Beds

36 Baths

21,500 sqft

Multi-family

Built in 1963

Welcome to Altitude West, 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 owners 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.

20230105550

MLS ID

December 26, 2023

Listed

May 9, 2024

Updated

Map

4312 W 13 MILE Road
Royal Oak MI, 48073

Interior Features

Bedrooms

28


Total Bathrooms

36


Full Bathrooms

24


Half Bathrooms

24


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard, Hot Water

Exterior/Building Features

Lot Size

0.94 Acres


Architectual Style

Upper/Lower Apartment

School Information

School District

Royal Oak

Other Property Details

Area Name

Royal Oak


Taxes

$60,384


Tax Frequency

Annually


Days on Market

72


Garage

No


Parking Total

29


View

No


County

Oakland


Pool

No


Zoning

Multi-Family

 

Courtesy of Greater Development LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jerome Dixon shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively 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.

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Originating MLS:
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Data last updated 5:41 AM UTC, 5/9/2024

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