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VennPoint Real Estate Acquires Multifamily Property In Royal Oak, MI For $29.1M

Property Image
SOLD
$29,100,000

Michigan

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MultiFamily
Sold 09/20/2022
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Property Image
SOLD

VennPoint Real Estate Acquires Multifamily Property In Royal Oak, MI For $29.1M

1210 Morse Avenue, Royal Oak, Michigan 48067, United States

See Similar Deals
MultiFamily
Sold 09/20/2022

Summary

MICHIGAN
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 1210 Morse Ave in Royal Oak, MI has been sold. The transaction took place on September 20, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $29,100,000
  • Units: 75
  • Price Per Unit (PPU): $388,000
  • Buyer: VennPoint Real Estate

VennPoint Real Estate acquired the property for a total of $29,100,000. The multifamily asset consists of 75 units with a price per unit of $388,000. The transaction took place in Royal Oak, MI.

Players

BUYER

Details

SOLD
IMAGE: 09/20/2022 ADDRESS: 1210 Morse Ave MARKET: Royal Oak, MI ASSET TYPE: Multifamily BUYER: VennPoint Real Estate SALE PRICE: $29,100,000 UNITS: 75 ~ PPU: $388,000

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Net Operating Income (NOI)

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