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3915 Devon

royal oak, MI 48073

US$2,600,000

  • 14 BA, 14 HALF BA
    approx. 9,800 SF

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Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Devon Street Apartments offers a rare combination of stability and upside potential in a prime location

Details

9,800 Sq Ft

investment

US$20,577 Annual Tax

Built in 1953

MLS/Listing ID 20261006674

14 Units

Amenities & Features

Style - Bungalow

Construction - Wood Siding

Construction - Brick

Construction - Block

Slab

Heating - Natural Gas

Heating - Hot Water

Heating - Baseboard

Estimate my mortgage

TOTAL MONTHLY COST

US$0

  • PRINCIPAL & INTEREST

    US$0

  • PROPERTY TAXES

    US$0

  • Common Charges

    US$0

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