3915 Devon
Royal Oak, MI 48073

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Description

Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon 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 Devon Street 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: 1953
• Subdivision/Neighborhood: Royal Oak City
• School District: Royal Oak
• Basement: Slab
• Basement Type: No
• Construction Materials: Brick, Wood Siding
• Directions: Royal Oak
• Gross Income: 214880
• Heat Source: Natural Gas
• Heating: Baseboard, Hot Water
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Operating Expense: 58344
• Parcel Number: 2505427036
• SEV: 220000
• Street Type: Paved
• Tax Annual Amount: 20577
• Tax Legal Description: T1N, R11E, SEC 5 STARR ACRES SUBDIVISION
• Total Approx Sq Ft All Bldgs: 9800
• Total Num Units: 14
• Township: Royal Oak City
• Water Source: Public