628 E. Parent
628 E. Parent
Marketing description
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 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.
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