Royal Oak Apartments
Number of Units
35
Number of Properties
4
Sale Price
$6,087,000
Cap Rate
7.00%
Cap Rate - Year 2
7.40%
NOI
$420,977
NOI - Year 2
$454,997
Occupancy (blended)
100.00%
 
 
The Royal Oak Apartments are a fully stabilized, 35-unit apartment building portfolio located in the desirable community of Royal Oak, Michigan. There are four properties, that can be purchased together or separately.
Over the last few years, the Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership.
The building’s infrastructure is designed for efficiency and comfort, featuring individual electric meters for each tenant and a reliable boiler system providing consistent baseboard heat. With common laundry facilities and window AC units already in place, the property is fully equipped for modern tenancy.
With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Royal Oak Apartments offers a rare combination of stability and upside potential in a prime location
Kent St Apartments
2419 Normandy, Royal Oak, MI 48073
$1,200,000
Number of Units
7
Year Built
1955
# of parcels
1
Building SF
4,121
Year Renovated
2023
Woodland Apartments
2129 Normandy, Royal Oak, MI 48073
$1,025,000
Number of Units
6
Year Built
1955
# of parcels
1
Building SF
3,500
Year Renovated
2023
Devon Apartments
3915 Devon St., Royal Oak, MI 48073
$2,424,200
Number of Units
14
Year Built
1953
# of parcels
3
Building SF
9,800
Year Renovated
2023
Crooks St Apartments
4401 Crooks St, Royal Oak, MI 48073
$1,434,000
Number of Units
8
Year Built
1955
# of parcels
1
Building SF
4,250
Year Renovated
2023