4401 S Crooks Rd - Apartments FOR SALE


Royal Oak, MI 48073
$1,574,000 USD
360-989-5395
4401 S Crooks Rd, Royal Oak, MI for Sale
$1,574,000 USD
Apartments - FOR SALE
1/8
null | 6.05% Cap Rate

4401 S Crooks Rd
Royal Oak, MI 48073


OVERVIEW

Crooks Street Apartments is a fully stabilized, 8-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 8 units. Of the 8 units 7 of them are one bed one bath, and 1 is two bed one bath. The property has 8 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $10,600. Over the last few years, the Crooks 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 Crooks Street Apartments offers a rare combination of stability and upside potential in a prime location

FOR SALE DETAILS

PRICE

$1,574,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,750

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Z on Crooks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

AI

APN/PARCEL ID

25-05-233-018

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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Brady WilliamsGreater DevelopmentMore Info
360-989-5395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.