$1,160,000
SOLD JAN 6, 2025

617 E Hudson Ave Royal Oak, MI 48067

10 Beds
8 Baths
4,852 Sq Ft
0.45 Acres

Recently Sold

$239 Per Sq Ft

3% Below List Price

46 Days on Market

Highlights

  • 0.45 Acre Lot
  • Covered Patio or Porch
  • Baseboard Heating
  • Royal Oak High School Rated 9+
  • 1-Story Property
  • 2-minute walk to Milton Hey/Hudson Park

About This Home

As of January 2025

Incredible Investment Opportunity just minutes from Downtown Royal Oak! This 8 Unit multifamily has over $100K in capital improvements in 2024 including New Windows, Vertical Steel Siding/Soffits/Fascia/Gutters, New Sign, Exterior Painting, Laundry Facilities and complete renovation of Unit 1. There is great upside potential to increase rent after renovations: Unit 1 (2Bed/1Bath) was previously renting at $1025/mo and post renovation is now at $1700/mo. The 1Bed/Bath units once renovated should go for upward of $1300/mo. There is additional tremendous opportunity for rental income growth to convert units to Short Term Rentals as shown through AirDNA on the 1Bed/1Bath Units. This property is ideally located in Royal Oak; Situated adjacent to a brand new park and with excellent proximity to Beaumont Hospital, The Detroit Zoo, Royal Oak Music Theater, Major Freeways, Downtown Detroit and DTW. Royal Oak is housed in Oakland County which is the wealthiest county in all of Michigan and the second largest, which drives the demand for housing and short term rentals, alike! Reach out to Chris for additional investment/financial/area information!

Last Agent to Sell the Property

Patricia Lotz

Real Estate One-Brighton License #6501308101 Listed on: 09/16/2024

Real Estate One-Brighton

Co-Listed By

Christopher Lotz

Real Estate One-Brighton License #6501428832

Last Buyer's Agent

Patricia Lotz

Real Estate One-Brighton License #6501308101 Listed on: 09/16/2024

Real Estate One-Brighton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1956 | Remodeled in 2024

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 66.00 x 292.00
  • Fenced

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Steel Beams

Interior Spaces

  • 8 Full Bathrooms
  • 4,852 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2522326024

Community Details

Overview

  • 8 Units
  • Assr's Plat No 22 Royal Oak Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,577

Year Built

Built in 1956 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 Story
  • Assessment: 0.00; Sidewalk PaidInFull
  • Year Built: 1956
  • State Equalized Value: 266510.0000
  • Year Renovated: 2024
  • Pets Allowed: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Total Sq Ft: 4852

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Aluminum, Brick, Steel
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Porch Type: Patio, Patio - Covered, Covered
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • MF Parking: On Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • Lot Size Area: 0.45
  • Lot Dimensions: 66.00 x 292.00
  • Parcel Number: 2522326024
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Heat, Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 9300

Tax Info

  • Tax Amount Summer: 13732.0000
  • Tax Amount Winter: 1845.0000
  • Total Tax: 15577.0000
  • Taxable Value: 266510.0000

Multi Family

  • Gross Scheduled Income: 111600.00
  • Number Of Units Total: 8

MLS Schools

  • School District: Royal Oak

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2025 01/06/25 Sold $1,160,000 -3.3% $239 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $1,199,000 -- $247 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patricia Lotz

    Seller's Agent in 2025

    Patricia Lotz

    Real Estate One

    (734) 637-3668

    1 in this area

    354 Total Sales

    Patricia Lotz
    Section Image
  • Christopher Lotz

    Seller Co-Listing Agent in 2025

    Christopher Lotz

    Real Estate One

    (734) 474-8713

    1 in this area

    214 Total Sales

    Christopher Lotz
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240069222

Realcomp
Michigan Oakland County Royal Oak 48067

617 E Hudson Ave, Royal Oak, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes