0 photos
24 / 24
Full / Half Baths21,500
Square Feet
Welcome to Altitude West, an exceptional multifamily community comprising 24 units, strategically positioned adjacent to the prestigious Beaumont Royal Oak hospital. This thriving property, currently enjoying stable cash flow, presents an exciting opportunity for investors seeking to maximize value through strategic renovations and elevate the living experience for residents. Altitude West presents an exciting investment opportunity with a proven track record of successful renovations and increased rental income. The fact that the property has already undergone renovations, resulting in higher rental rates, establishes a positive precedent for future improvements. The presence of an effective property management team at Altitude West ensures a seamless transition for owners and contributes to the overall success of the investment. In summary, Altitude West offers a unique blend of stability, strategic location, and renovation potential, making it an ideal choice for investors seeking long-term appreciation and value growth in the dynamic real estate market of Royal Oak.
Type
- Multi Family
City/Township
- Royal Oak
Year Built
- 1963
MLS#
- 20230105550
Lot Size
- 0.94 Acres
Style
- Upper/Lower Apartment
Zoning
- Multi-Family
Est. Finished Above Ground
- 21,500 sq ft
Special Features
-
Laundry Facility
Basement
- Partially Finished
Road Type
- Paved
Listed By
- Greater Development Llc
County
- Oakland
Schools
District
- Royal Oak
Taxes
Taxes
- $60,384
Taxable Value
- 4
MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
---|---|---|---|---|---|---|---|
20230105550 | Pending | Active | Mar 7 2024 2:10PM | 72 | |||
20230105550 | Active | Dec 26 2023 2:10PM | $3,667,700 | 72 |