511 E University Dr Apt 608 Rochester, MI 48307

Get Owner Info
2 beds · 1 bath · 1,091 sq ft · Lot Size: 336,302 sq ft · Residential Condominium
Est. Property Value: $160,672

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

511 E University Dr Apt 608 is in the 48307 neighborhood of Rochester, MI. It is located in Oakland County and ZIP code 48307. This Residential Condominium was built in 1966 and is approximately 59 years old. The residential condominium spans 1091 sq ft with 2 bedrooms and 1 bathroom and sits on a 336302 sq ft lot. According to public records, it was sold for $39,500 and has a tax-assessed value of $150,400, which is $147 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 511 E University Dr Apt 608 Rochester, MI 48307 with Property Intel by Whitepages.

511 E University Dr Apt 608

Rochester, MI 48307

Owner Info

Owners & Occupancy for 511 E University Dr Apt 608

This property is owned by Phyllis R Veillette. Owner contact information includes 2 phone numbers and 3 email addresses.

Property Owners

Cell Phone(248) ***-****View Cell Phone
Residence*************
Landline(248) 651-2835
Distance from Property**********
Email Address************@jabil.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 62
Resident 2******************* age 88

Property Financials for 511 E University Dr Apt 608

511 E University Dr Apt 608, Rochester, MI has no known mortgage. The Oakland county assessment for 2024 values it at $150,400, with annual taxes of $788.

Property Tax

Property Tax Amount$788 in 2024
Purchase Price$39,500
Assessed Value$150,400 on 2024

Investment Potential for 511 E University Dr Apt 608

The property has a current estimated value of $160,672, which is 33% below the zip median, based on public records. It last sold for $39,500. Projected long-term
is $27,000 annually ($2,250 per month) with a 93% occupancy rate.

Discover more Residential Condominiums in 48307.

Long-Term

Gross Rental
$27,000 per year($2,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 48307 zip code
 
View Rental Potential

Property Details for 511 E University Dr Apt 608

Property Details

Property Sq Ft

Living Area

1,091 sq ft

18% below market

Lot Size

336,302 sq ft

54% below market

Price Per Sq Ft

Living Area

$147 / sq ft

16% below market

Lot Size Area

$0 / sq ft

32% above market

Property condition, age, exterior, etc. for 511 E Univ…
Longitude: -83.128854 Latitude: 42.683525 Parcel Number (APN): 15-11-351-083…

Recommended Properties in 48307

Discover more residential condominiums near 511 E University Dr Apt 608 in Rochester, Michigan. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 511 E University Dr Apt 608 in Oakland County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$160,672
$215,391
-$54,719 (-25%)
YoY Price Change
Year Built
1966
1991
-25 years
Living Space
1,091 sq ft
1,286 sq ft
-195 (-15%)
$ Per Living Sq Ft
$147
$165
-$18 (-11%)
Lot Size
336,302 sq ft
443,032 sq ft
-106730 (-24%)
$ Per Lot Sq Ft
$0
$0
$0 (7%)

Net Operating Income
$18,990
$2,423 (13%)
Annual Revenue
$27,000
$26,400
$600 (2%)
$7,134
-$1,547 (-22%)
Net Operating Income
$18,990
$2,423 (13%)
Cap Rate
8.83%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

Find More Housing Markets Near Rochester

Nearby Cities