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Property profile & analytics
OFF-MARKET
Residential income homes

3808 Rochester Rd Royal Oak, MI 48073

3,634 SF Built 1985
Property ID
US43-5209139
Property summary
AI-generated overview

This well-maintained, 3-unit brick apartment building in Royal Oak, Michigan, presents a compelling investment opportunity. Built in 1985 and renovated in 2019, the property boasts a total of 3,634 square feet across two stories. Each unit features its own private entrance, a full basement, and separate utilities, offering tenants maximum privacy and convenience. Shared carport parking is also available. The property is currently 100% occupied, with leases in place that can be assumed by the new owner, ensuring immediate cash flow. The individual units could easily be converted into condos, providing additional flexibility and potential for future development. Located at 3808 Rochester Rd, Royal Oak, MI 48073 (APN 25-03-332-017), this property offers a strong return on investment in a desirable location. The asking price is $860,000, translating to $236.65 per square foot. This turnkey investment is ready for a new owner to step in and enjoy the benefits of immediate income and long-term appreciation potential. The property's solid construction and recent renovations ensure minimal maintenance needs, maximizing profitability. The building's layout and features make it an attractive option for a variety of tenants. This is a rare opportunity to acquire a well-established multifamily property in a thriving Michigan market.

Property profile
Verified
Property type Residential income homes
Year built 1985
Total area 3,634 SF
APN 25-03-332-017
UPID US43-5209139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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