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$ 499,900
Est. payment | /mo
6 Baths
6,969 Sqft Lot
$ 499,900
Est. payment | /mo
6 Baths
6,969 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261056965
Year Built 1957
Annual Tax Amount $8,071
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 46.51X148.1
Source Realcomp
Property Description
Investment Opportunity – Fully Leased Ranch-Style Triplex in Prime Royal Oak Location...Excellent opportunity to own a well-maintained, income-producing three-unit ranch-style triplex in the heart of Royal Oak. This property is fully occupied with stable tenants and generates $3,900 per month in rental income, offering immediate cash flow with upside potential through future rent increases...The property features two beautifully updated units with central air conditioning, in-unit washer and dryer, dishwashers, and newer furnaces, providing modern conveniences that attract and retain quality tenants. The third unit offers a functional layout with a dishwasher and newer water heater. Ranch-style living is highly desirable, with all units offering single-level convenience and low-maintenance living.Current rental breakdown:Unit A: $900/month (lease through April 2027)Unit B: $1,500/month (lease through October 2026)Unit C: $1,500/month (lease through July 2027)Located just minutes from downtown Royal Oak, shopping, restaurants, parks, and major freeways, this property combines a strong location with reliable income. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this turnkey triplex is an outstanding opportunity in one of Metro Detroit's most desirable rental markets.Start generating income from day one.
Location
State MI
County Oakland
Zoning Multi-Family
Direction MAPS
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Royal Oak
Others
Tax ID 2516227004
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Own It Realty
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