MLS Public Remarks 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.
John Russell
Office Ann Arbor - North
2200 Green Road
Ann Arbor, MI 48105
Township Royal Oak
Directions 13 Mile and Greenfield
Fin Below Grd SqFt 0
Fin Non Exposed SqFt 5,000
Total Fin SqFt 21,500
Price/SqFt $171
Unfinished SqFt 0
Above Grade Finished SqFt 21,500
CDOM 72
Sub Property Type Multifamily
Year Built 1963
Days on Market 72
Association Fee $
Land Assessment $0
Improvements $3,667,700
Net Taxes $60,384
Acreage 0.94
Taxes $0
Tax Year 0
Summer Taxes $51,146
School District Royal Oak
Winter Taxes $9,238
Subdivision Oakland Highlands
Lower Level Square Footage 0
Waterview N
Number of Units 24
Waterfront N
For Lease/Rent N
Est. Total Acres 0.94
Source for Est. Total Acres
Lot Dimensions 100x400
WaterFrontage
0
Heating Baseboard, Hot Water, Natural Gas
Water Public (Municipal)
Basement Y
Heating Baseboard, Hot Water, Natural Gas
Garage 0.0
Architecture 2 Story
Basement details Partially Finished
Sewer Public Sewer (Sewer-Sanitary)
Home Style Upper/Lower Apartment
Possession At Close
Exterior Materials Block/Concrete/Masonry, Brick
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Sunday, May 19, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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