307 Park

Royal Oak, MI 48067 View Map $795,000 Schedule a Tour
Baths2Full11/2
Sq.Ft.2,450
Year1916

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(313) 658-6400

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Status: Active
Property Type:Multifamily
MLS #:2210098808
Sq. Feet:2,450
On Site:59 Days
Lot Size:0.08 Acres
County:Oakland
Historic 307 Park in Downtown Royal Oak available now. This three unit building includes a completely updated storefront and two 2-bedroom apartments. (301 Park, 307 Park, 435 N Washington) Updated inside and out with plenty of parking. Prime opportunity for Airbnb, Rental Income, Work/Live. Call today to schedule a tour!

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Price Change History

Date Old Price New Price Percent Change
1/18/2022$799,000$795,000-0.5%

Community Information

Address:307 Park Royal Oak, MI 48067
County:Oakland
School System:Royal Oak
Subdivision:Willson Park Sub
Zip Code:48067

Architecture

Bathrooms: 2 Full / 1 Half
Year Built:1916
Stories:2
Style:Loft, Triplex
Total # of Units: 3
Unit 1 Info: 1 baths. Monthly rent: 1970.00.
Unit 2 Info: 1 baths. Monthly rent: 1970.00.
Unit 3 Info: Monthly rent: 1400.00.
Construction Materials: Aluminum
Architecture Level: 2 Story
Year Remodeled: 2018
Roof: Asphalt
Foundation: Basement
Foundation Materials: Block
Basement: Common

Features / Amenities

Cooling: Central Air
Heating: Forced Air
Heating Fuel: Natural Gas

Property Features

Lot Size: 0.08 Acres
Lot Dimensions:30.00X110.00
Road Frontage: Paved
Sewer: Sewer-Sanitary
Water: Municipal Water
Zoning:Multi-Family
Directions:NORTH OF 11 MILE RD / WEST OF WASHINGTON

Tax and Financial Info

Tax Amount Summer: $3,555
Tax Amount Winter: $658
Total Tax: $4,213
Gross Scheduled Income: $66,000
Net Operating Income: $61,000
Monthly Rental Income: $5,500
Pets Allowed: Yes

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307 Park Royal Oak, MI 48067
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307 Park Royal Oak, MI 48067
 
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Listing Information Last Updated 1/28/2022
Listing provided courtesy of Signature Sotheby's International Realty Gpf.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Berkshire Hathaway HomeServices The Loft Warehouse are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.