2129 Normandy Road
Royal Oak, MI 48073

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Description

The Woodland Apartments is a fully stabilized, 6-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 6 units. Of the 6 units 5 of them are one bed one bath, and 1 is two bed one bath. The property has 6 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $7,500. 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 Woodland Apartments offers a rare combination of stability and upside potential in a prime location.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48073
• Year Built: 1955
• Subdivision/Neighborhood: Royal Oak City
• School District: Royal Oak
• Basement: Slab
• Lot Size: 12632 sq ft lot
• Basement Type: No
• Construction Materials: Brick
• Directions: Normandy
• Gross Income: 90000
• Heat Source: Natural Gas
• Heating: Baseboard
• Lot Size Area: 0.29
• Lot Size Square Feet: 12632.4
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Operating Expense: 25853
• Parcel Number: 2505404023
• SEV: 197340
• Street Type: Paved
• Tax Annual Amount: 10641
• Tax Legal Description: T1N, R11E, SEC 5 STARR ACRES LOT 122
• Total Approx Sq Ft All Bldgs: 3500
• Total Num Units: 6
• Township: Royal Oak City
• Water Source: Public