REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Nathaniel Richards

nate@reagentnathaniel.com +1(734) 299-1209

$ 389,900

Est. payment | -/mo

3 Baths

3,484 Sqft Lot

Save Virtual Tour

$ 389,900

Est. payment | -/mo

Save Virtual Tour

3 Baths

3,484 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 20261064729

HOA Y/N true

Year Built 1917

Annual Tax Amount $5,525

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X110

Source Realcomp

Property Description

Charming 3 Unit Income Producing Multifamily in the Heart of Royal Oak! Discover a fantastic investment opportunity just blocks from downtown Royal Oak! This charming Craftsman-style multi family home offers timeless character, generous living space, & excellent income-producing potential w/ 3 separate units, each featuring its own private entrance & appliances. The main-floor unit welcomes you w/ a spacious, light-filled living area showcasing beautiful hardwood floors & abundant natural light. The kitchen features ceramic flooring, ample cabinetry & counter space, a convenient eat-in area. The main level has washer/dryer hookup. Two generously sized bedrooms provide plenty of closet space, while the updated bathroom features a new vanity, toilet, fixtures, & refreshed shower tile. The second-floor unit offers 2 bedrooms w/ deep closets & additional storage, along with a comfortable kitchen featuring an eat-in area & a stackable washer/dryer. The updated bathroom includes a new vanity, flooring, & refreshed shower area.The lower-level unit is a cozy studio with an open-concept kitchen and living area, a full bathroom with stand-up shower, and its own washer and dryer. A split heating/cooling system provides added comfort.Recent improvements include two new furnaces & A/C systems serving the first and second-floor units, along with new electrical panels, offering added peace of mind for the next owner. Outside, enjoy a classic covered front porch, a quiet residential setting, private entrances for all three units, rear parking, and additional street parking. With its desirable location near downtown Royal Oak, shopping, restaurants, entertainment, and major commuter routes, this property offers an excellent opportunity for an investor seeking multiple income streams or an owner-occupant looking to offset their mortgage with rental income.Three units. Multiple income opportunities. Prime Royal Oak location. Classic charm with important updates already completed.

Location

State MI

County Oakland

Zoning Multi-Family

Direction South Of 11 Mile, East Of Woodward

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Wood Siding

Schools

School District Royal Oak

Others

Tax ID 2521209002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://unbranded.visithome.ai/DKMqyG9iYSgaY3jS7z98c7?mu=ft

Listed by Real Estate One-Clinton Twp

Schools and Properties Nearby

Nathaniel Richards

Realtor License ID: 6501446715

+1(734) 299-1209 | nate@reagentnathaniel.com

307 S Laurel Street Royal Oak, MI 48067

Nathaniel Richards

Key Details

Location

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

307 S Laurel Street