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Z on Normandy 2419 Normandy Rd 7 Unit Apartment Building $1,712,688 CAD ($244,670 CAD/Unit) 6% Cap Rate Royal Oak, MI 48073
Executive Summary
Kent Street Apartments is a fully stabilized, 7-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 7 units. Of the 7 units 6 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 $8,800. Over the last few years, the Kent 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 Kent Street Apartments offers a rare combination of stability and upside potential in a prime location
Property Facts
| Price | $1,712,688 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $244,670 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 6% | Building Size | 4,121 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Zoning | AI | ||
| Price | $1,712,688 CAD |
| Price Per Unit | $244,670 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 4,121 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | AI |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Granite Countertops
- Range
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 721 |
| 2+1 | 1 | - | 1,004 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-05-401-018 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $275,040 CAD |
Property Taxes
Parcel Number
25-05-401-018
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$275,040 CAD
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Z on Normandy | 2419 Normandy Rd
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