Average square foot calculated using Size range provided by listing agent.
Description
Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago.Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units.14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms.Show Description
MLS® Number2407341
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2752
ExteriorStucco
GarageNo
Approx. Age1980
Basement
Driveway
Garage Spaces
HeatBaseboard, Radiant
A/CNone
Heating Fuel
Extras
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