32
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$359,900
Est. payment /mo
2 Baths
4,791 Sqft Lot
Active
1109 Catalpa Drive Royal Oak, MI 48067
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261010336
Year Built 1949
Annual Tax Amount $5,710
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Source Realcomp
Property Description
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.
Location
State MI
County Oakland
Zoning Multi-Family
Direction Take Catalpa East off Woodward
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 2516327003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by National Realty Centers, Inc
NEARBY SCHOOL & BUSINESS
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