Royal Oak, MI Apartment Buildings for Sale

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6 photos
Royal Oak, MI 48073


$7,250,00090,520 SF

Philamer Apartments is a complex built in 1962, and renovated within the past 5 years, consisting of 9 buildings on 2.65 acres just south of 13 Mile Rd. on Greenfield Rd. It offers 16, one-bedroom units with 640 ft.2 of living space, 54 one-bedroom units with 740 ft.2 of living space, and 48 two-bedroom units with 840 ft.2 of living space. Philamer recently underwent a full renovation of the units to include bathrooms, kitchens, and windows, and floors. The property is located approximately 3.5 miles from the heart of downtown Royal Oak, and one mile west of Beaumont Hospital. There is also a Smart bus stop directly across from the property. Due to this exceptional location, it provides tenants with numerous retail, educational, recreational, and entertainment opportunities that are close to home. The property is outfitted with individual forced-air heating systems and window unit air-conditioning units. Aside from the down units, Philamer runs between 95-100% occupied.

Royal Oak, MI Apartment Buildings for Sale

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