3808 Rochester Rd Royal Oak, MI 48073
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.