Overview
- Multi Family
- 4.5
- 0
- 1950
Description
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.
Nearby School
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High School District RoyalOak
