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4420 Springer Ave
Royal Oak, MI 48073
Parkview Apartments · Multifamily Property For Sale · 19 Units

Executive Summary

? Prime Location: In Royal Oak, under 2 miles from downtown Birmingham
? Value-Add Opportunity: 68% occupied w/ 6 vacant units, offering immediate lease-up upside
? All 1-Bedroom Unit Mix: 19 units averaging 700 SF
? At-Will Reset Upside: 7 of 13 leases month-to-month, priced below market
? Updated Interiors: Granite countertops, stainless steel appliances, walk-in closets
? Highly Accessible: Direct I-75 & I-696 access connect residents across Metro Detroit

Property Facts

Price Per Unit $227,525 CAD
Sale Type Investment
Cap Rate 7.57%
Sale Conditions
1031 Exchange
  • REO Sale
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.89 AC
Building Size 16,822 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.72/1,000 SF
Zoning RI

Amenities

Unit Amenities

  • Balcony
  • Cable Ready
  • Disposal
  • Ceiling Fans
  • Granite Countertops
  • High Speed Internet Access
  • Deck
  • Patio

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 19 - 700 - 900

Property Taxes

Property Taxes

Parcel Number
25-06-351-039
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,125,338 CAD
  • Listing ID: 41904122

  • Date on Market: 2026-08-27

  • Last Updated:

  • Address: 4420 Springer Ave, Royal Oak, MI 48073

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