Great investment opportunity in this triplex just steps from downtown Royal Oak. All of the units have a current lease so you can begin making money right away. This property features two, 1 bed, 1 bath units and one, 2 bed, 2 bath unit. All of the units have hardwood floors. The single bed units have a shared basement with laundry facilities, the two-bedroom unit has its own basement with a small living space and its own laundry facilities, this unit also has AC. It offers a shared drive on the single unit side, as well as a fully fenced shared yard in the back. Roof is new 8/2021, new landscape and hardscape 2023, new bathroom in bedroom unit 2023, as well as many other updates (contact listing agent). With respect to the current tenants please allow 48-hour lead time for showings. Owner requests POF prior to showing. Showings Tuesday & Thursday 2-4 Only
Sold for $570,000
$570,000
118 S Maple Ave, Royal Oak, MI 48067
4beds
2,467sqft
Multi Family
Built in 1954
-- sqft lot
$600,500 Zestimate®
$231/sqft
$1,952 Estimated rent
Home value
$600,500
$558,000 - $649,000
$1,952/mo
Zestimate® history
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$3,701/mo
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Zillow last checked:
Listing updated:
Listed by:
Ryan Nelson 248-462-4741,
DOBI Real Estate,
Debbie Nelson 248-462-4742,
DOBI Real Estate
Bought with:
Ryan Nelson, 6501372468
DOBI Real Estate
Source: Realcomp II,MLS#: 20230071799
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans, Central Air, Window Units
Features
- High Speed Internet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,467 sqft
- Finished area above ground: 2,467
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: None
- Fencing: Fenced
Lot
- Size: 5,662 sqft
- Dimensions: 50.00 x 114.00
Details
- Additional structures: Sheds Allowed
- Parcel number: 2521202014
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1954
- Major remodel year: 2023
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available
Community & neighborhood
Security
- Security features: Smoke Detectors
Location
- Region: Royal Oak
- Subdivision: MEADOW PARK ADD
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2024 | Sold | $570,000-1.7%$231/sqft |
Source:  Realcomp II #20230071799 Report a problem | ||
| 2/24/2024 | Pending sale | $580,000$235/sqft |
Source: Realcomp II #20230071799 Report a problem | ||
| 11/8/2023 | Price change | $580,000-3.3%$235/sqft |
Source: Realcomp II #20230071799 Report a problem | ||
| 8/25/2023 | Listed for sale | $599,900+45.6%$243/sqft |
Source: Realcomp II #20230071799 Report a problem | ||
| 3/31/2022 | Sold | $412,000+4.3%$167/sqft |
Source: Public Record Report a problem | ||
| 11/5/2021 | Pending sale | $395,000$160/sqft |
Source: Realcomp II #2210090004 Report a problem | ||
| 10/31/2021 | Contingent | $395,000$160/sqft |
Source:  AAABOR #486619598 Report a problem | ||
| 10/28/2021 | Listed for sale | $395,000+338.9%$160/sqft |
Source: Realcomp II #2210090004 Report a problem | ||
| 9/13/1995 | Sold | $90,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $201,900 +7.1% |
| 2023 | -- | $188,460 +1.7% |
| 2022 | -- | $185,270 +24% |
| 2021 | -- | $149,390 +10.5% |
| 2020 | -- | $135,230 +3.6% |
| 2019 | -- | $130,490 +4.8% |
| 2018 | -- | $124,520 |
| 2017 | -- | $124,520 +12.7% |
| 2015 | -- | $110,440 +11.8% |
| 2014 | -- | $98,780 -9.6% |
| 2011 | -- | $109,320 -4.7% |
| 2010 | $3,567 +0.2% | $114,680 -16.1% |
| 2009 | $3,560 +29.9% | $136,650 +109% |
| 2001 | $2,741 +2.6% | $65,380 +3.2% |
| 2000 | $2,672 | $63,360 |
Find assessor info on the county website
Neighborhood: 48067
Nearby schools
GreatSchools rating
- 10/10Northwood Elementary SchoolGrades: K-5Distance: 1.1 mi
- 7/10Royal Oak Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Royal Oak High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$600,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$600,500
- Michigan
- Oakland County
- Royal Oak
- 48067
- 118 S Maple Ave
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