Kent Street Apartments is a fully stabilized, 7-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 7 units. Of the 7 units 6 of them are one bed one bath, and 1 is two bed one bath. The property has 8 off street dedicated… Read More parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $8,800. Over the last few years, the Kent Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Kent Street Apartments offers a rare combination of stability and upside potential in a prime location Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Greater Development LLC, (313) 209-2900
Listing Snapshot
Days Online
111
Last Updated
Property Type
Multifamily
Square Ft.
4,121
Lot Size
0.42 Acres
Year Built
1955
MLS Number
20261006667
30 Days Snapshot Of 48073
$278k
-10%
(avg) sold price
81
+32%
homes sold
51
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Basement?: 0
Building
7 total units, 7 leased units, 6 one-bedroom units, 1 two-bedroom unit, Built in 1955, Architectural style: Contemporary, Brick, 4,121 total square feet, 4,121 combined square feet, Unit count: 7
Fireplaces
Fireplace?: 0
Foundation
Slab
Garage
Garage?: 0
Water Features
Other
Heating
Baseboard, Hot Water, Natural Gas
Lot
Lot size area: 0.42, Lot size dimensions: 125X145
Miscellaneous
Gross scheduled income: $105,600, Income projection: Projected, Monthly rental income: $8,800, Net operating income: $74,456, Operating expense: $31,579
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