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308 W 12 MILE Road

$ 455,905

Multi-Family in Sales

308 W 12 MILE RD , Royal Oak

Active

Description

FOUR UNIT MULTIFAMILY PROPERTY WITHIN WALKING DISTANCE TO ROYAL OAK – WITH UPDATES AND IN GOOD CONDITION! SEPARATE ELECTRICAL METERS FOR ALL UNITS. PLENTY OF PARKING. DON’T MISS OUT ON THIS FANTASTIC INVESTMENT OPPORTUNITY.

Address

Address: 308 W 12 MILE RD

City: Royal Oak

State/County: Michigan

Zip: 48073

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Details

Property Id : 26045

Price: $ 455,905

Bedrooms: 4

Bathrooms: 4

Building size: 0.43 acres

Available Space: 1959 sq.ft.

Active Openhouse Count: 0

Architecture Level: 2 Story

Architecture Style: Quadruplex

Assessment: 0

Baths Full: 4

Baths Half: 0

CDOM: 595

Construction Materials: Brick,Vinyl

County Or Parish: Oakland

Directions: NORTH OF 12 MILE RD AND WEST

Directions From EastWest: W

Directions From EastWest Detail: OF MAIN ST

Directions From NorthSouth: N

Directions From NorthSouth Detail: OF 12 MILE RD

DOM: 595

Exterior Features: Outside Lighting

Foundation Details: Slab

Foundation Materials: Poured

Frontage Feet: 127

Gross Scheduled Income: 37260.00

Heating: Forced Air

Heating Fuel: Natural Gas

Income Projection: Actual

Last Change Type: Price Decrease

List Office Name: KW Platinum

List Price By Acre: 1060244.1860

Lock Box Type: Appointment/LockBox

Living Area Source: Public Records

Lot Size Dimensions: 127.00X146.00

MLS: Realcomp II Ltd

MLS Area Major: Royal Oak

MLS Area Major Number: 02251

MLS Number: 218108114

MF Parking: Assigned Spaces

Monthly Rental Income: 3107

Number Of Units Leased: 4

Annual Net Income: 26998.00

Number Of Units Total: 4

Original List Price: 479900.00

Ownership Status: Private Owned,Short Sale - No

Parcel Number: 2509482022

Postal City: Royal Oak

Postal Code Plus 4: 4035

Property Type: Multifamily

Protection Period: 180

Parking Total: 8

Porch Type: Porch

Road Frontage Type: Paved,Pub. Sidewalk

Roof Material: Asphalt

Room Count: 0

School District: Royal Oak

Settlement: City

Sewer: Sewer-Sanitary

Short Sale: No

Sqft Source: PRD

State Equalized Value: 115550.0000

Street Dir Prefix: W

Street Name: 12 MILE

Street Number: 308

Street Suffix: Road

Subdivision Name: H L KOPPIN'S SUB

Sqft Combined: 1959

Table: Multi Family

Tax Amount Summer: 5004.0000

Tax Amount Winter: 815.0000

Tax Legal Description: T1N, R11E, SEC 9 H L KOPPIN'S SUB LOTS 8, 9 & 10, ALSO 1/2 VAC ALLEY ADJ THERETO

Title: Private - Owned

Total Tax: 5819.0000

Unit Count: 3

Unit Efficiency Number Of: 0

Unit Four Bed Number Of: 0

Unit Loft Number Of: 0

Unit One Bed Number Of: 2

Unit Three Bed Number Of: 1

Unit Two Bed Number Of: 1

Water Heater Fuel: Natural Gas

Water Source: Municipal Water

Year Built: 1901

Zoning: Residential

Customer Comment: Yes

Encroachment: No

Exclusions: Yes

Inventory List: No

Land Contract: No

Legal Rental Certified: Yes

Publish Sale Price: Yes

Restrictions: No

Waterfront: No

Zone Conform: Yes

Basement: No

Down Payment Resource: No

Percent Homestead Exempt: No

Pool: No

IDX provided courtesy of Realcomp II Ltd., via KW Platinum and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

© 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Historic Realty Detroit are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-08-12 13:09:56.