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637 S CONNECTICUT Avenue $849,900

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637 S CONNECTICUT Avenue Royal Oak, MI 48067

  • 0 Beds
  • 6 Baths
  • 3,520 sq.ft.
  • Multi-Family
MLS# 219050145 | Active

$849,900

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Days On Market: 50 6 Views
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Property Details

Incredible opportunity to own a piece of Royal Oak history with this rare FIVE unit 1929 Tudor. Prime location on one of the nicest streets in all of RO, this property is sure to impress any investor looking to add to their portfolio. Seller took incredible care of the property, please reference pictures for updates. Large stone fireplaces in four of the five units, exposed wood beams throughout making this property truly enchanting. One of the units is vacant as of 5/26/2019 due to renter buying their own home. Seller currently occupies largest unit which is three bedroom and one and a half bath. All utilities are included in rent. Proof of funds required for viewing, cash offers only to be considered at this time. Projected 7.3 cap rate. Updates include: Newer boiler, new driveway, sod and sprinkler system. There is street parking without permit required and enough parking on the driveway for up 4 cars comfortably. Easy to maintain and easy to rent.

  • General Features
    • County Or Parish Oakland
    • Full Bathrooms 5
    • Half Bathrooms 1
    • Settlement City
    • Subdivision RESUB OF WHITE ACRES PARK SUB
    • Architecture Style Other
    • Zoning Multi-Family
    • Ownership Status Private Owned, Short Sale - No
    • Rent Includes Electric, Heat, Snow Removal, Water/Sewer, Yard Maintenance
    • Year Built 1929
    • Year Remodeled 2017
    • Sqft Total 3,520
    • Originating MLS Realcomp II Ltd
    • Number Of Units Total 5
    • Parking Description On Street, Paved
    • Short Sale No
    • Tax Amount - Summer 4222.0000
    • Tax Amount - Winter 798.0000
  • Building Features
    • Construction Materials Brick, Stone, Wood
    • Foundation Details Basement
    • Interior Features Cable Available,Carbon Monoxide Alarm(s),ENERGY STAR® Qualified Light Fixture(s),Programmable Thermostat
    • Heating Steam
    • Cooling Ceiling Fans 2+, Window Units 2+
    • Unit One # of Bedrooms 3
    • Unit Two # of Bedrooms 1
    • Unit Three # of Bedrooms 1
  • Property Features
    • Lot Size Area 0.15
    • Lot Size Dimensions 50.00X129.00
    • Exterior Features Sprinkler(s)
    • Road Frontage Type Paved
    • Water Source Municipal Water
    • Sewer Sewer-Sanitary
  • Schools
    • School District Royal Oak

Contact

Nathan Wickland

Sales Associate

RE/MAX Platinum

Direct: 734-474-2908

Neighborhood

48067 (Royal Oak) Demographics

34Median Age
5,450Population Density (per sq. mile)
65%College Educated
$73,182 Estimated Median Income
7,846Estimated Total Home Owners
4,491Estimated Total Renters
64% / 36%Estimated Owner / Renter Divide
3Estimated Average Household Size
25,017Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$318,000 Median Sales Price
3 Homes Sold
103 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $849,900
      7/12/2019 6:42:58 PM Price Reduced Source New Value: $849,900 -2.87%
      7/2/2019 1:42:06 PM Price Reduced Source New Value: $875,000 -2.67%
      6/14/2019 3:42:16 PM Price Reduced Source New Value: $899,000 -5.27%
      6/7/2019 4:42:36 PM Price Reduced Source New Value: $949,000 -5.01%
      5/30/2019 1:43:00 PM New in Database Source New Value: $999,000

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      Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively 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. Copyright 2019 Realcomp II Ltd. Shareholders.