406 W West Twelve Mile Rd Road Royal Oak, MI ^$ 340,000

406 W West Twelve Mile Rd Road

^$ 340,000

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406 W West Twelve Mile Rd Road

Royal Oak, MI, 48073

^$ 340,000

Studio Baths0.0

Monthly Estimate*

^$ 2,260

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Studio

Multi-Family Home for sale in Royal Oak, MI

for $340,000. This home was built in 1922 on a lot size of 0.13.

Rare investment opportunity in Royal Oak. Rental income duplex. 1 bedroom upper unit $1150/monthly, 2 bedroom lower unit $1250/monthly. Beautiful Hardwood Floors. Separate entrances for each unit. Shared laundry in basement. Off street parking in rear of building. Close to downtown Royal Oak, shops and restaurants. Tenants pay all utilities including water. Rental compliant and registered with the City of Royal Oak. BATVAI Please send proof of funds for a showing, 72 hour notice required. T12 in documents

Multi-Family Active

Price

^$ 340,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 4,327

Style

2 to 4 Units

Lot Size

0.13

Year Built

1922

Town/City

Royal Oak

County/Region

Oakland

MLS | Web ID

24023127

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Window Unit(s)

Utilities None Available Natural Gas Connected Electric Connected

Possession Close Of Escrow

Roof Composition

Construction Materials Vinyl Siding

Year Built 1922

Tenant Pays Electric Water Gas

Township Royal Oak City

Property SubType 2 to 4 Units

Tax Year 2022

County Oakland

New Construction N

Property Type Multi-Family

Attached Garage N

Status Active

Directions North side of 12 mile Rd between Main street and Crooks Rd

City Royal Oak

High School District City of Royal Oak

NumberOfUnitsTotal 2

MLS Area Oakland County - 70

Lot Size Units Acres

Lot Size Square Feet 5662.0

Waterfront Y/N N

Street Name West Twelve Mile Rd

Land Lease Y/N N

Tax Annual Amount 4327.0

Lease Renewal Y/N N

MLS Area Minor Oakland County - 70

Additional Parcels Y/N N

Rent Control Y/N N

Days on Market 24

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 79880

Senior Community None

Interior

Basement Full

Total Fireplaces 1

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Road

Laundry Features In Basement

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features Asphalt Driveway

Total Parking 3.0

Lot Size Area 0.13

Number of Buildings 1

Spa N

Lot Dimensions 40x137

Lot Size Acres 0.13

Road Surface Type Paved

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 406

* Excluded Features

List By

Reserve Management Company

Broker

kirsten@reservemgmtco.com

Affordability Calculator

$2,620

Per Month

Monthly Principal & Interest: $2,260
Monthly Property Taxes: $361
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Royal Oak, MI

Average List Price ^$1,535,567

Percent of Sale Price 352%

About Royal Oak, MI

58,569 Population

-2% Since 2002

^$69,342 Median Income

40.15 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4474346 Elementary School

4474345 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/3/2024	$340,000	-2.86%	Price Down
5/10/2024	$350,000		Listed Price

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406 W West Twelve Mile Rd Road, Royal Oak, MI, 48073 is a Multi-Family Home for sale at $340,000 with a lot size of 0.13. 406 W West Twelve Mile Rd Road is a studio with 0.0 baths and was built in 1922. The property's zip code is 48073 which is in Royal Oak, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 6/6/2024.

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406 W West Twelve Mile Rd Road

Multi-Family Home for sale in Royal Oak, MI

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