Pending

617 E HUDSON Avenue

Royal Oak MI, 48067

$1,199,000


$247.11 per sqft

Pending

10 Beds

8 Baths

4,852 sqft

Multi-family

Built in 1956

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!

20240069222

MLS ID

September 14, 2024

Listed

November 22, 2024

Updated

Map

617 E HUDSON Avenue
Royal Oak MI, 48067

Interior Features

Bedrooms

10


Total Bathrooms

8


Full Bathrooms

8


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Hot Water

Exterior/Building Features

Lot Size

0.45 Acres


Architectual Style

Other

School Information

School District

Royal Oak

Other Property Details

Area Name

Royal Oak


Taxes

$15,577


Tax Frequency

Annually


Days on Market

46


Garage

No


Parking Total

2


View

No


County

Oakland


Pool

No


Zoning

Multi-Family,Residential

Listing History

Date

Event

Price

11/1/2024

Pending

 

Courtesy of Real Estate One-Brighton

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Robert Prior shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for 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.

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Originating MLS:
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Data last updated 6:09 AM UTC, 11/22/2024

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