Altitude Apartments
28 Unit Apartment Building | $4,500,000 ($160,714/Unit) | 6.07% Cap Rate | Royal Oak, MI 48073
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,500,000
- Property Type
-
Multifamily
- Square Feet
- 19,716 SF
Listing Contacts
Brady Williams
Verified Profile
- Property Info
Property Overview
Altitude Fairmont is a stabilized 28 unit, apartment building located in Royal Oak, Michigan. There are 26 one bedroom one bath units that are 550 square feet, and 2 two bedroom 1 bath units that are 750 square feet. There are 28 parking spaces for the apartment building. The property is 93% occupied (two vacancies) grossing over $29,310 per month.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 2
- Lot Size (sq. ft)
- 45,738 SF
- Units
- 28
Highlights
- Stabilized
- Renovated
- Cash Flow
Nearby Properties
Similar Properties
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