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About the Listing 105879 - RC388923
Brand New - Low Maintenance - Fully Leased - Income Generating Multi-Family - Downtown Royal Oak. 105 N Laurel was built in 2024 with sound-proofing insulation to reduce road noise to almost zero. This has been a huge selling point for the tenants along with in-unit laundry, free parking, outdoor space, and proximity to downtown restaurants, bars, shopping, and hospitals. Each unit has identical finishes with white cabinetry, granite countertops, stainless steel appliances, outdoor space (patio or balcony depending on the unit), and storage space (room or walk-in closet depending on the unit). There are four units, each about 1,000 sqft with two bedrooms, one full bathroom, one half bathroom, in-unit laundry, separately metered electricity and gas, furnace, water heater, central air, and two assigned parking spaces. The building includes a parking lot in the back with eight parking spaces. Each unit comes with a refrigerator, electric range, dishwasher, microwave, washer, and dryer. All tenants are current on rent. Three units are leased into 2027 and one to the end of this year. Showings are only available upon accepted offer. Unit B is showed in the listing photos. Additional photos and information are available upon request.
Listing Highlights
Status
Active With Contingency
Days on Site
16
Property Type
Multi-Family
MLS ®
60997937
Year Built
2023
Total Square Footage
4,091
Lot/Acreage
0.11
County
Oakland
Neighborhood
Edgewood Park-Royal Oak
Area
Royal Oak (63251)
School District
Royal Oak Neighborhood Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full / 4 Half
- Appliances:
- Air Cond: Ceiling Fan(s),Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4091
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40X120
- Zoning: Multi-Family
- Roof:
- Others: Patio,Exterior Balcony
- Sewer:
Financial Details
- Tax Amount: $19,042
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
105 N Laurel Royal Oak, MI 48067
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