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503 S Troy

Royal Oak, MI 48067
  • $749,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 20221003274
$749,000
  • 0
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 5
    1/2 BATHS
  • 3,792
    SQFT
  • $198
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

Description

Magnificence defined! Immaculate 5 unit apartment building in downtown Royal Oak. Well maintained property by the same family for about 45 years. 5 spacious studios with various floor plans. 2 of the units have an extra room for beds and upstairs lofts. Laundry room and spacious office/workshop located in the basement. Parking lot has 8 stalls for the residents. Long term residents have enjoyed their home for several years. This is a top notch asset to provide strong passive income for a new owner!

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-14T23:48:24.533.
www.buyeastsidehomes.com/homes/129822754
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503 S Troy Royal Oak, MI 48067

  • Price: $749,000
  • Status: Active
  • On Site: 61 Days
  • MLS #: 20221003274
0
Beds
5
Baths
5
½ Baths
N/A
Acres
3,792
SQFT
$198
$/SQFT
1905
Built
Neighborhood:
Royal Oak (63251)
County:
Oakland
Area:
Royal Oak (63251)
School District:
Royal Oak Neighborhood Schools
Property Description
Magnificence defined! Immaculate 5 unit apartment building in downtown Royal Oak. Well maintained property by the same family for about 45 years. 5 spacious studios with various floor plans. 2 of the units have an extra room for beds and upstairs lofts. Laundry room and spacious office/workshop located in the basement. Parking lot has 8 stalls for the residents. Long term residents have enjoyed their home for several years. This is a top notch asset to provide strong passive income for a new owner!
Exterior Features

Exterior Construction Other Foundation Type Basement Lot Size 100.00X120.00 Roads Paved Street Structure Style 2 Story Waterfront YN No

Interior Features

Basement Type PouredPartially Finished Basement YN Yes Fireplace YN No Heating System Hot WaterOther-See Remarks

Property Features

Financial Terms CashConventional For Sale Or Rent For Sale Lease YN Yes Municipality Royal Oak Municipality Type City Occupancy At Close Ownership Private Property Type Multi-Family SEV 102540 Sewer Septic Public At Street Subject To Short Sale Approval No Summer Tax Amount 3365.98 Total Tax Amount 3920 Winter Tax Amount 555.16 Zoning Commercial

Listing courtesy of Arterra Luxe Collection Llc : 248-731-0048.

Source MLS: MiRealSource
Originating MLS: Realcomp

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-14T23:48:24.533.
 
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The Tom Lipinski Team at Keller Williams Lakeside Market Center
45609 Village Blvd.
Shelby Township MI, 48315