Phenomenal opportunity to own a meticulously maintained multi-family property in the heart of Royal Oak! This turnkey gem perfectly blends contemporary updates with timeless original charm in every unit, ensuring high tenant appeal and long-term value. Investors and owner-occupants will appreciate the significant capital improvements already completed, including a whole-building… Read More rewiring with each unit individually metered to simplify utility management. The property also boasts newer roofs on both the main building and the detached garage, a reliable boiler system installed in 2013, and newer energy-efficient windows throughout. A standout feature of this property is the expansive basement, which offers a dedicated section ready to be finished into a professional home office or creative studio - complete with its own private exterior entrance. This rare X-factor provides incredible versatility for a remote worker or the potential for additional utility. Each unit also has private storage and laundry room. Whether you're looking to expand your investment portfolio or house-hack in one of Metro Detroit's most vibrant and walkable communities, this property stands out as a rare find where all the heavy lifting has already been done. Schedule your showing today and secure this mechanically sound and aesthetically stunning investment! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of ERA Prime Real Estate Group, (248) 474-3303
4 total units, 2 leased units, 4 two-bedroom units, Built in 1924, Architectural style: Common Entry Building, Quadruplex, Brick, 4,580 total square feet, 4,580 combined square feet, 2,218 total basement square feet, Unit count: 4
Cooling
Ceiling Fan(s), Window Unit(s)
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Hot Water, Natural Gas
Interior Features
Cable Available
Lot
Lot size area: 0.23, Lot size dimensions: 64X155
Miscellaneous
Gross scheduled income: $99,000, Income projection: Projected, Monthly rental income: $8,250, Net operating income: $90,100, Operating expense: $8,900
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