Incredible Investment Opportunity just minutes from Downtown Royal Oak! This 8 Unit multifamily has over $100K in capital improvements in 2024 including New Windows, Vertical Steel Siding/Soffits/Fascia/Gutters, New Sign, Exterior Painting, Laundry Facilities and complete renovation of Unit 1. There is great upside potential to increase rent after renovations: Unit 1 (2Bed/1Bath) was previously renting at $1025/mo and post renovation is now at $1700/mo. The 1Bed/Bath units once renovated should go for upward of $1300/mo. There is additional tremendous opportunity for rental income growth to convert units to Short Term Rentals as shown through AirDNA on the 1Bed/1Bath Units. This property is ideally located in Royal Oak; Situated adjacent to a brand new park and with excellent proximity to Beaumont Hospital, The Detroit Zoo, Royal Oak Music Theater, Major Freeways, Downtown Detroit and DTW. Royal Oak is housed in Oakland County which is the wealthiest county in all of Michigan and the second largest, which drives the demand for housing and short term rentals, alike! Reach out to Chris for additional investment/financial/area information!
Sold for $1,160,000
$1,160,000
617 E Hudson Ave, Royal Oak, MI 48067
10beds
4,852sqft
Multi Family
Built in 1956
-- sqft lot
$1,220,400 Zestimate®
$239/sqft
$1,850 Estimated rent
Home value
$1,220,400
$1.12M - $1.33M
$1,850/mo
Zestimate® history
Owner options
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$1,850/mo
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$1,850/mo
Rent Zestimate®
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$6,199/mo
Est. payment
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$6,199/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Patricia Lotz 734-637-3668,
Real Estate One-Brighton,
Christopher Lotz 734-474-8713,
Real Estate One-Brighton
Bought with:
Patricia Lotz, 6501308101
Real Estate One-Brighton
Source: Realcomp II,MLS#: 20240069222
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Hot Water, Natural Gas
Cooling
- Window Units
Appliances
- Laundry: Common Area
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 4,852 sqft
- Finished area above ground: 4,852
Property
Parking
- Total spaces: 2
- Parking features: On Street, Parking Pad, Paved
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Pool features: None
- Fencing: Fenced
Lot
- Size: 0.45 Acres
- Dimensions: 66.00 x 292.00
Details
- Parcel number: 2522326024
- Zoning description: MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Aluminum Siding, Brick, Steel Siding
- Foundation: Poured, Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1956
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: ASSR'S PLAT NO 22 - ROYAL OAK
Location
- Region: Royal Oak
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $266,510
- Annual tax amount: $15,577
- Date on market: 9/16/2024
- Cumulative days on market: 46 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2025 | Sold | $1,160,000-3.3%$239/sqft |
Source:  Realcomp II #20240069222 Report a problem | ||
| 11/1/2024 | Pending sale | $1,199,000$247/sqft |
Source: Realcomp II #20240069222 Report a problem | ||
| 9/16/2024 | Listed for sale | $1,199,000$247/sqft |
Source: Realcomp II #20240069222 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 48067
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Nearby schools
GreatSchools rating
- 9/10Oakland Elementary SchoolGrades: K-5Distance: 1.1 mi
- 7/10Royal Oak Middle SchoolGrades: 6-8Distance: 1 mi
- 9/10Royal Oak High SchoolGrades: 9-12Distance: 3.1 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,220,400
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
$1,220,400
- Michigan
- Oakland County
- Royal Oak
- 48067
- 617 E Hudson Ave
Nearby cities
Nearby zip codes
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