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About the Listing 103120 - RC308388
Turnkey Royal Oak investment opportunity with immediate income! This fully occupied brick duplex is located just east of Woodward Avenue and a 10 minute walk down Catalpa to Trader Joe's, in one of Royal Oak's most desirable rental markets. Both tenants recently signed new one-year leases extending through July 2027, providing stable cash flow from day one. The property currently generates $2,635 per month ($31,620 annually) in gross rental income and features a desirable unit mix consisting of a spacious two-bedroom lower unit and a one-bedroom upper unit. The lower unit offers classic Royal Oak charm with hardwood floors, coved ceilings, built-in shelving, and an updated kitchen, while the upper unit features an open-concept layout with a nice sized bedroom and full bath. Additional features include a common basement with laundry facilities, separate water heaters, tenant storage, a fenced backyard, and off-street parking. The attractive brick exterior, strong rental location, and long-term lease security make this an excellent addition to an investment portfolio. Property is 100% occupied. Matterport virtual tour available. Showings available only after accepted offer.
Listing Highlights
Status
Active
Days on Site
118
Property Type
Multi-Family
MLS ®
60970665
Year Built
1949
Total Square Footage
1,313
Lot/Acreage
0.11
County
Oakland
Neighborhood
Catalpa Park
Area
Royal Oak (63251)
School District
Royal Oak Neighborhood Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1313
- Below Ground Sq Ft: n/a
- Basement: Block,Common,Outside Entrance
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40X120
- Zoning: Multi-Family
- Roof:
- Others: Fenced Yard,Patio,Porch
- Sewer:
- Parking Features: Lighted,On Street
Financial Details
- Tax Amount: $5,710
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1109 Catalpa Royal Oak, MI 48067
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