3915 Devon Rd Royal Oak, MI 48073
Estimated payment $15,391/month
Highlights
- Bungalow
- Royal Oak High School Rated A-
- Baseboard Heating
About This Home
Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon 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 Devon Street Apartments offers a rare combination of stability and upside potential in a prime location
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1953
Parking
- 16 Parking Spaces
Home Design
- Bungalow
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 9,800 Sq Ft Home
- 2-Story Property
Lot Details
- Lot Dimensions are 100x50
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 2505427036
Community Details
Overview
- 14 Units
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,880 | $177,400 | $0 | $0 |
| 2024 | $6,575 | $170,000 | $0 | $0 |
| 2022 | $7,170 | $162,010 | $0 | $0 |
| 2020 | $6,341 | $161,380 | $0 | $0 |
| 2018 | $7,170 | $104,490 | $0 | $0 |
| 2017 | $4,802 | $104,490 | $0 | $0 |
| 2015 | -- | $91,450 | $0 | $0 |
| 2014 | -- | $82,550 | $0 | $0 |
| 2011 | -- | $84,670 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $2,600,000 | 0.0% | $265 / Sq Ft |
| 11/16/2015 11/16/15 | Rented | $1,050 | 0.0% | -- |
| 10/15/2015 10/15/15 | Price Changed | $1,050 | +55.6% | $1 / Sq Ft |
| 08/17/2015 08/17/15 | Rented | $675 | -38.6% | -- |
| 08/13/2015 08/13/15 | Under Contract | -- | -- | -- |
| 08/04/2015 08/04/15 | For Rent | $1,100 | +63.0% | -- |
| 07/20/2015 07/20/15 | For Rent | $675 | +3.8% | -- |
| 10/13/2014 10/13/14 | Rented | $650 | 0.0% | -- |
| 10/13/2014 10/13/14 | Under Contract | -- | -- | -- |
| 09/15/2014 09/15/14 | For Rent | $650 | -35.0% | -- |
| 09/03/2014 09/03/14 | Rented | $1,000 | -16.7% | -- |
| 07/25/2014 07/25/14 | Under Contract | -- | -- | -- |
| 07/11/2014 07/11/14 | For Rent | $1,200 | +33.3% | -- |
| 03/14/2012 03/14/12 | Rented | $900 | 0.0% | -- |
| 02/29/2012 02/29/12 | Under Contract | -- | -- | -- |
| 02/01/2012 02/01/12 | For Rent | $900 | -- | -- |
Source: Realcomp
MLS Number: 20261006674
APN: 72-25-05-427-036
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.