617 E HUDSON Avenue Pending Save Request In-Person Tour Request Virtual Tour
Royal Oak,MI 48067
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,852 sqft
Price per Sqft $247
Subdivision Assr'S Plat No 22 - Royal Oak
MLS Listing ID 20240069222
Style Other
Bedrooms 8
Full Baths 8
Originating Board Realcomp II Ltd
Year Built 1956
Annual Tax Amount $15,577
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 66.00 x 292.00
Property Description
Incredible Investment Opportunity just minutes from Downtown Royal Oak! This 8 Unit multifamily has over $100K in capital improvements in 2024 including New Windows, Vertical Steel Siding/Soffits/Fascia/Gutters, New Sign, Exterior Painting, Laundry Facilities and complete renovation of Unit 1. There is great upside potential to increase rent after renovations: Unit 1 (2Bed/1Bath) was previously renting at $1025/mo and post renovation is now at $1700/mo. The 1Bed/Bath units once renovated should go for upward of $1300/mo. There is additional tremendous opportunity for rental income growth to convert units to Short Term Rentals as shown through AirDNA on the 1Bed/1Bath Units. This property is ideally located in Royal Oak; Situated adjacent to a brand new park and with excellent proximity to Beaumont Hospital, The Detroit Zoo, Royal Oak Music Theater, Major Freeways, Downtown Detroit and DTW. Royal Oak is housed in Oakland County which is the wealthiest county in all of Michigan and the second largest, which drives the demand for housing and short term rentals, alike! Reach out to Chris for additional investment/financial/area information!
Location
State MI
County Oakland
Area Royal Oak
Zoning Multi-Family,Residential
Direction From 696, Exit onto Woodward Ave and head North. Take a right onto W Lincoln Ave. Turn right onto S Main St to head south. E Hudson Ave will be on your Left. Just past the Park on your left is the drive.
Interior
Interior Features Laundry Facility
Hot Water Natural Gas
Heating Baseboard,Hot Water
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Fenced
Garage Spaces 2.0
Roof Type Asphalt
Porch Patio,Patio - Covered
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Other
Level or Stories 1 Story
Structure Type Aluminum,Brick,Steel
Schools
School District Royal Oak
Others
Pets Allowed No
Tax ID 2522326024
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Rebuilt Year 2024
Listing Terms Cash,Conventional
Financing Cash,Conventional