Investment Opportunity: Multi-Unit Property at 4811 Briarwood Ave
Discover this well-maintained three-unit property nestled in the desirable area of Royal Oak, MI. Spanning 2,280 sq. ft., this fully rented building is an excellent opportunity for investors looking to acquire an income-generating asset.
Unit Configuration:
One spacious 2-bedroom, 1-bath unit, perfect for families or those seeking extra space.
Two charming 1-bedroom, 1-bath units, ideal for singles or couples seeking cozy living.
Fully Rented: All units are currently occupied, providing immediate rental income and minimizing vacancy risk.
Location Benefits: Situated in a vibrant neighborhood with easy access to local amenities, shops, parks, and public transportation, enhancing the appeal for prospective tenants.
Investment Potential: This property presents a fantastic opportunity for both seasoned investors and first-time buyers looking to enter the rental market.
Don’t miss out on the chance to own this income-generating multi-unit property in Royal Oak. Schedule a viewing today and explore the potential this investment holds!
Updates Include: New sprinkler system in 2020, hot water tank, vanity, new hard wood floors in the 1 bed downstairs, new toilet, gutter guards.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $459,900 | $202 | RE/MAX Leading Edge |
Year | Annual Amount | Description |
---|---|---|
$7,416 |
High School Oakland Technical Center - - Se | 0.3 miles away | 09 - 12 | |
Elementary School Alfred E. Upton Elementary School | 0.6 miles away | KG - 05 | |
High School Royal Oak High School | 1 miles away | 09 - 12 |