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Key Details
Sold Price $65,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 906 sqft
Price per Sqft $71
Municipality Oak Park City
Subdivision Oak Park City
MLS Listing ID 20240088835
Sold Date 12/05/24
Bedrooms 2
Full Baths 1
HOA Fees $250/mo
HOA Y/N true
Originating Board Realcomp
Year Built 1963
Annual Tax Amount $236
Property Description
Investor Opportunity with Flexible Land Contract Terms!This spacious 2-bedroom, 1-bath main-level condo offers incredible potential and the unique opportunity to purchase via a land contract. With $30,000 down, 7% interest, and a $600 monthly payment, this deal includes a 36-month balloon term. Buyer is responsible for taxes, insurance, and HOA dues. It's an excellent option for investors or buyers seeking a manageable path to ownership.The condo features a large master bedroom, ample storage (an 11' x 5' room inside the unit plus a secure 6' x 5' basement storage locker), and a location that can't be beat. Nestled through a quiet courtyard, it's within walking distance of shops, restaurants, and schools and just minutes from downtown Ferndale, Royal Oak, Berkley, and more.Low HOA fees cover heat, water, maintenance, snow removal, landscaping, and a master insurance policy, making this a low-maintenance and affordable choice. This property is priced for its “Investor Special” potential and does need some TLC, but the possibilities are endless.Don't miss this rare chance for affordable, flexible ownership in an ideal location!
Location
State MI
County Oakland
Area Oakland County - 70
Direction Park Behind back to enter apartment building thru left red door
Interior
Heating Radiant
Cooling Window Unit(s)
Exterior
View Y/N No
Roof Type Asphalt
Garage No
Building
Story 1
Sewer Public
Water Public
Structure Type Brick
Schools
School District Oak Park
Others
HOA Fee Include Sewer,Water,Other
Tax ID 2532104086
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
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