Royal Oak, MI 48073
MLS# 20261056965
Investment Opportunity – Fully Leased Ranch-Style Triplex in Prime Royal Oak Location...Excellent opportunity to own a well-maintained, income-producing three-unit ranch-style triplex in the heart of Royal Oak. This property is fully occupied with stable tenants and generates $3,900 per month in rental income, offering immediate cash flow with upside potential through future rent increases...The property features two beautifully updated units with central air conditioning, in-unit washer and dryer, dishwashers, and newer furnaces, providing modern conveniences that attract and retain quality tenants. The third unit offers a functional layout with a dishwasher and newer water heater. Ranch-style living is highly desirable, with all units offering single-level convenience and low-maintenance living.Current rental breakdown:Unit A: $900/month (lease through April 2027)Unit B: $1,500/month (lease through October 2026)Unit C: $1,500/month (lease through July 2027)Located just minutes from downtown Royal Oak, shopping, restaurants, parks, and major freeways, this property combines a strong location with reliable income. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this turnkey triplex is an outstanding opportunity in one of Metro Detroit's most desirable rental markets.Start generating income from day one.
Listed by Hassan Scheib · Own It Realty
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$2,528/mo
$99,980 down · $399,920 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
34 photosActive4225 W 14 Mile Road, Suite 100, Royal Oak, MI 48073
Royal Oak, MI 48073
2 bd · 3 ba · 1,600 sqft
40 photosActive309 Amelia Avenue, Royal Oak, MI 48073
Royal Oak, MI 48073
4 bd · 2 ba · 2,180 sqft
39 photosActive912 Cedar Hill Drive, Royal Oak, MI 48067
Royal Oak, MI 48067
2 bd · 2 ba · 950 sqft