Off Market4550d on market
316 Mary Ave
Royal Oak, MI, 48073 • 48073 • Oakland County
$656,800
$144/sqft
5Baths
4,547Sqft
0.2 acLot
1957Built
Market activity
Demand and pricing signals for this listing
2 views
People checking out this listing
4550 days on market
Established listing
$144/sqft
Price per square foot
About this home
Multi Family · Built 1957
Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs attached
Estimated monthly payment
Based on current rates
$4,110/month
Principal & Interest$3,234
Property Tax$657
Insurance$219
Down payment20% ($131,360)
3%50%
Est. 6.25% rate · 30yr fixed · $525,440 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1957
HeatingOther
Parking1 Parking space
Property
Home typeMulti Family
Year built1957
Systems
HeatingOther
RoofAsphalt
Parking & Outdoor
ParkingGarage - Detached
Lot8,712 sqft
Location & Tax
Neighborhood48073
Parcel2509479014
Bathrooms & Fees
Full baths5
Features & details
3 categories of property features
Interior Features
Heating
Other
Exterior Features
Exterior
Brick
Parking
Garage - Detached
Listing insights
Market data and value estimates
StatusOff Market
Days on market4550
Est. value$656,800
Est. rent$2,365/mo
Tax rate1.34%
Price/sqft$144
Last sold$179,000
Tour days6
Views2
How are the schools in Royal Oak?
3 schools rated nearby
Location
Royal Oak, MI, 48073
Price history
13 events
DateEventPrice$/sqftSource
Jan 3, 2022Listing Removed——Real Estate One
Jul 20, 2021Listed For Sale$995,000$219AAABOR
Jun 4, 2021Listing Removed——Realcomp II
Mar 10, 2021Price Change$994,500$219MiRealSource
Feb 1, 2021Listed For Sale$995,000$219Realcomp II
May 28, 2020Listing Removed$1,295—Plymouth
May 18, 2020Listed For Rent$1,295—Plymouth
Jun 1, 2017Listing Removed$1,100—Real Estate One
May 14, 2017Price Change$1,100—Real Estate One-Plymouth
Apr 4, 2017Price Change$1,200—Real Estate One-Plymouth
Mar 19, 2017Listed For Rent$1,275—Real Estate One-Plymouth
Oct 23, 2013Sold$179,000$39MiRealSource
Sep 4, 2013Listed For Sale$185,000$41RE/MAX in the Hills
Listing Removed—
Jan 3, 2022•Real Estate One
Listed For Sale$995,000
Jul 20, 2021•$219/sqft•AAABOR
Listing Removed—
Jun 4, 2021•Realcomp II
Price Change$994,500
Mar 10, 2021•$219/sqft•MiRealSource
Listed For Sale$995,000
Feb 1, 2021•$219/sqft•Realcomp II
Listing Removed$1,295
May 28, 20200•Plymouth
Listed For Rent$1,295
May 18, 20200•Plymouth
Listing Removed$1,100
Jun 1, 20170•Real Estate One
Price Change$1,100
May 14, 20170•Real Estate One-Plymouth
Price Change$1,200
Apr 4, 20170•Real Estate One-Plymouth
Listed For Rent$1,275
Mar 19, 20170•Real Estate One-Plymouth
Sold$179,000
Oct 23, 2013•$39/sqft•MiRealSource
Listed For Sale$185,000
Sep 4, 2013•$41/sqft•RE/MAX in the Hills
Tax history
13 years of records
YearTax paidAssessed value
Apr 9, 2024—$284,930
Apr 9, 2023—$272,110
Apr 9, 2022—$264,170
Apr 9, 2021—$247,140
Apr 9, 2020—$246,620
Apr 9, 2019—$164,440
Apr 9, 2018—$125,650
Apr 9, 2017—$125,650
Apr 9, 2015—$113,740
Apr 9, 2014—$110,410
Apr 9, 2011—$116,650
Apr 9, 2010$4,232$121,580
Apr 9, 2009$4,243$147,890
Nearby homes
Neighborhood details
Local context around this listing
Royal Oak, MI • Oakland County
Nearby cities
Bloomfield HillsFarmington HillsNoviPontiacRochester HillsRoyal OakSouthfieldTroy
Nearby zip codes
480674806848073
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