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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 499,900

Est. payment | -/mo

6 Baths

6,969 Sqft Lot

Save

$ 499,900

Est. payment | -/mo

Save

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

NEARBY SCHOOLS & PROPERTIES

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+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

219 W 12 Mile Road Royal Oak, MI 48073