Updated Turnkey Multifamily
For Sale
$1,399,000
2041 N Main Street, Royal Oak, MI 48073
Meticulously maintained multifamily with individually metered utilities, newer roofs, energy-efficient windows, and a basement with separate exterior entry.
Property SizeContact for details
Days on Market125
Property Features for 2041 N Main Street
General Information
Standard status
Active
Property subtype
Multi Family
Listing Agency:
ERA Prime Real Estate Group
(248) 474-3303
Listed By:
Tim Holden
(248) 890-8161
Source:
Alexmi
Added: May 9
Changed: Sep 8
Last Checked: Sep 10 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Prime Real Estate Group
Investment Insights
Based on property information with market context.
This updated, well-maintained multifamily property is offered as a turnkey acquisition. Reported capital improvements include whole-building rewiring with each unit individually metered for utility management, newer roofs on both the main building and detached garage, and a boiler system installed in 2013. The property also features newer energy-efficient windows throughout, along with private storage and in-unit laundry room for each unit. An expansive basement adds practical versatility, including a dedicated area ready to be finished and a private exterior entrance.
Located in Royal Oak, the surrounding area is described as somewhat walkable, with a Walk Score of 54 and a Bike Score of 50 (bikeable).
Overall, the improvements noted in the offering materials focus on mechanical and envelope upgrades, while the basement configuration supports additional finished space potential through its separate entrance.
Located in Royal Oak, the surrounding area is described as somewhat walkable, with a Walk Score of 54 and a Bike Score of 50 (bikeable).
Overall, the improvements noted in the offering materials focus on mechanical and envelope upgrades, while the basement configuration supports additional finished space potential through its separate entrance.
Key Highlights
- Multi‑family property built in 1924 with capital improvements already completed.
- Whole‑building rewiring with each unit individually metered for simplified utility management.
- Newer roofs on both the main building and the detached garage.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
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Business Placement
Demographics for 48073, MI
33,658
Population
17,551
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
4,548
Density / Sq Mi
$86,426
Median Household Income
$58,525
Median Earnings
$1,245
Median Rent
$302,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Meticulously maintained multifamily with individually metered utilities, newer roofs, energy-efficient windows, and a basement with separate exterior entry.
Where is this multifamily property located?
The property is located at 2041 N Main Street Royal Oak, MI.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Multi‑family property built in 1924 with capital improvements already completed.; Whole‑building rewiring with each unit individually metered for simplified utility management.; Newer roofs on both the main building and the detached garage.
