628 E. Parent Avenue, Royal Oak, MI 48067

FOR SALE

$3,200,000

Located in the heart of ROYAL OAK, MICHIGAN, 628 E. PARENT offers an excellent investment or owner/user opportunity in a vibrant, high-traffic area, accessible directly off I-696 via the Bermuda exit. The property consists of 2 residential units, 20 short-term, small office suites, and 6 vacant suites (with room to push on rent). The current rent collected on a monthly basis is +/- $25,000 on a gross basis. There is also flexibility on lease expirations in the event a user/buyer wants to occupy the building, as all are 1 year or less, and many are month-to-month. This well-positioned property is surrounded by a mix of residential and commercial developments, making it an ideal location for a variety of commercial and residential uses, and walkable to downtown Royal Oak.