Danny Peterson
EXP Realty Main
(810) 777-7450
45 Total Sales
1 in Royal Oak
$210,000 Price
617 E Hudson Ave Royal Oak, MI 48067
Royal Oak Area
10
Beds
8
Baths
4,852
Sq Ft
0.45
Acre Lot
Highlights
- 0.45 Acre Lot
- Covered Patio or Porch
- Baseboard Heating
- Oakland Elementary School Rated 9+
- 1-Story Property
- 1-minute walk to Milton Hey/Hudson Park
About This Home
As of January 2025Incredible 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
Real Estate One-Brighton License #6501308101 Listed on: 09/16/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1956 | Remodeled in 2024
Lot Details
- 19,602 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2024
Closed on
Jan 6, 2025
Sold by
Bought by
Seller's Agent
Patricia Lotz
Real Estate One-Brighton
Buyer's Agent
Patricia Lotz
Real Estate One-Brighton
List Price
$1,199,000
Sold Price
$1,160,000
Premium/Discount to List
-$39,000
-3.25%
Views
175
Purchase Details
Closed on
Nov 13, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,400
Interest Rate
6.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 7, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 13, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Royal Oak, MI
-
Danny Peterson
-
Katie Wheeler
Katie Wheeler
Match Realty
(313) 631-3760
287 Total Sales
4 in Royal Oak
$293K - $620K Price Range
-
Matthew Kallabat
Matthew Kallabat
Top Agent Realty
(947) 210-6260
81 Total Sales
3 in Royal Oak
$150K - $350K Price Range
-
Tracey Freeman
Tracey Freeman
KW Domain
(947) 216-2897
84 Total Sales
7 in Royal Oak
$237K - $470K Price Range
-
Dawn Waldrip Bertani
Dawn Waldrip Bertani
Real Estate One Inc-Shelby
(586) 571-8718
81 Total Sales
5 in Royal Oak
$254K - $395K Price Range
-
Kimberly Agemy
Kimberly Agemy
EXP Realty Shelby Twp
(586) 257-2570
139 Total Sales
2 in Royal Oak
$240K - $323K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,160,000 | None Listed On Document | ||
| $263,000 | None Available | ||
| -- | -- | ||
| -- | -- | ||
| $327,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $210,400 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,728 | $286,420 | $0 | $0 |
| 2024 | $13,732 | $266,510 | $0 | $0 |
| 2022 | $11,230 | $201,080 | $0 | $0 |
| 2020 | $9,932 | $183,460 | $0 | $0 |
| 2018 | $11,230 | $176,530 | $0 | $0 |
| 2017 | $7,040 | $176,530 | $0 | $0 |
| 2015 | -- | $165,380 | $0 | $0 |
| 2011 | -- | $122,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Patricia Lotz
Seller's Agent in 2025
Patricia Lotz
Real Estate One
(734) 637-3668
388 Total Sales
-
Christopher Lotz
Seller Co-Listing Agent in 2025
Christopher Lotz
Real Estate One
(734) 474-8713
277 Total Sales
Map
Source: Realcomp
MLS Number: 20240069222
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IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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
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