Incredible opportunity to own a piece of Royal Oak history with this rare FIVE unit 1929 Tudor. Prime location on one of the nicest streets in all of RO, this property is sure to impress any investor looking to add to their portfolio. Seller took incredible care of the property, please reference pictures for updates. Large stone fireplaces in four of the five units, exposed wood beams throughout making this property truly enchanting. One of the units is vacant as of 5/26/2019 due to renter buying their own home. Seller currently occupies largest unit which is three bedroom and one and a half bath. All utilities are included in rent. Proof of funds required for viewing, cash offers only to be considered at this time. Projected 7.3 cap rate. Updates include: Newer boiler, new driveway, sod and sprinkler system. There is street parking without permit required and enough parking on the driveway for up 4 cars comfortably. Easy to maintain and easy to rent.
Listing courtesy of Max Broock, REALTORS®-Birmingham.
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