19
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$2,600,000
Est. payment /mo
28 Baths
Active
3915 Devon Royal Oak, MI 48073
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261006674
Year Built 1953
Annual Tax Amount $20,577
Lot Dimensions 100x50
Source Realcomp
Property Description
Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon Street 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. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Devon Street Apartments offers a rare combination of stability and upside potential in a prime location
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction Royal Oak
Rooms
Basement Slab
Interior
Heating Baseboard, Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Wood Siding
Schools
School District Royal Oak
Others
Tax ID 2505427036
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Greater Development LLC
NEARBY SCHOOL & BUSINESS
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