4312 W 13 Mile Rd, Royal Oak, MI 48073

$4,300,000
48
BA
21,500
SqFt

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Sold Price
$4,300,000
List Price
$3,667,700
Closing Date
Jul 10, 2024
MLS#
20230105550
Status
CLOSED
Bathrooms
48
Half-baths
24
Subdivision
OAKLAND HIGHLANDS

Property Description

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.

Additional Information

Year Built
1963
Basement Type
Partial, Partial
Acres
0.94
Acres
0.94
School District
Royal Oak
Heating
Baseboard, Hot Water, Natural Gas

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Courtesy of Greater Development LLC 3132092900

Selling Office: Greater Development LLC.

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