42.497856 -83.14608

203 Catalpa Drive ROYAL OAK, MI 48067

323704503 42.497856 -83.14608 326 /listing/323704503-150351067/203-catalpa-drive-royal-oak-mi-48067 False 0 365000.0 1380 105 3 20221046721 False
  • $365,000
  • 3 full ba
  • 1,380 sqft
  • 45x102 lot
  • Est payment $1959.4/mo

Property & Neighborhood Info

Provided through IDX through Realcomp II Ltd. Courtesy of S&P Realty Copyright 2019 Realcomp II Ltd. Shareholders

Multi-Family in Royal Oak

Great multi-family investment property located within walking distance of downtown Royal Oak! 1 block to Main St! Do not miss out on this one! This professionally managed property has 3 income-producing units - 2 studios on the second floor, both rented, with one long term tenant and a one bedroom on the main floor. When you buy this property you will be generating cash flow from day 1! Apt 1, the one bedroom unit, is currently tenanted . Apt 2, the studio facing Catalpa, does not have a full kitchen but has been rented by the same tenant for decades. Apt 3, the studio in the back, has a large, updated bathroom and small but full kitchen and is currently tenanted. With some updating you could easily add additional value and rental income by using it as its previous use (Air B&B) or possibly converting to a single family. Another possible option is to convert the second floor units into one 2 bed/2 bath unit. The possibilities with this one are endless! This location is prime! Close to shopping, restaurants, freeways and all the amenities Royal Oak has to offer. ( Additional MLS Data: Summer Tax: $5125.28, Winter Tax: $836.57 )

MLS Logo
Provided through IDX through Realcomp II Ltd. Courtesy of S&P Realty Copyright 2019 Realcomp II Ltd. Shareholders
  1. 3 Full Bath
  2. 1,380 Sq. Ft.
  3. 45x102 Lot

Main Features

  • Year Built: 1910
  • Floors: 2
  • Full Bath: 3
  • School District: Royal Oak
  • County: OAKLAND
  • Taxes: $5,961.85
  • Units: 3
  • Zoning: Multi-Family
  • MLS Number:20221046721

Additional Features

  • Cooling:
    • Window Unit(s)
  • Fireplace:
    • No
  • Construction:
    • Aluminum
    • Vinyl
  • Efficiency Total Units:
    • 2
  • Garage:
    • YES
  • Levels:
    • 2 Story
  • Style:
    • COLONIAL
  • Water Source:
    • Public (Municipal)
  • Basement:
    • Unfinished
    • YES
  • Foundation:
    • Basement
    • Block
  • Exterior Features:
    • Awning/Overhang(s)
    • Lighting
  • Pool:
    • No
  • Parking:
    • GARAGES
    • ON STREET
  • Heating:
    • Forced Air
    • Natural Gas
  • Sewer:
    • Public Sewer (Sewer-Sanitary)
  • Road Frontage:
    • Paved
  • Zoning:
    • Multi-Family
  • Financing:
    • Cash
    • Conventional
  • Gross Income:
    • 28080.00
  • Homestead:
    • No
  • Land Contract:
    • No
  • Legal Description:
    • T1N, R11E, SEC 16 ELOISE PARK SUB LOT 11 EXC S 50 FT
  • List Type (Exclusive):
    • Exclusive Right to Sell
  • Lock Box:
    • Appointment
  • Settlement:
    • City
  • Short Sale:
    • No
  • Title:
    • Standard (Private)
  • Transaction Type:
    • Sale
  • Below Ground Sq Ft:
    • 612
  • MLSSystem ID:
    • Realcomp II Ltd
  • Ownership:
    • Private Owned
    • Short Sale - No
  • Possession:
    • At Close
  • SQFT Source:
    • Prior Listing
  • Square Footage Total:
    • 1380
  • Tax ID:
    • 2516427008
  • Unit 1 Bed Total Units:
    • 1
  • Unit 2 Bed Total Units:
    • 0
  • Unit 3 Bed Total Units:
    • 0
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Kim Millen
Kim Millen
Professional Realtor
41000 Seven Mile Ste 105 Northville MI 48167
Request More Info
42.497856 -83.14608

203 Catalpa Drive ROYAL OAK, MI 48067

323704503 42.497856 -83.14608 326 /listing/323704503-150351067/203-catalpa-drive-royal-oak-mi-48067 False 0 365000.0 1380 105 3 20221046721 False
  • $365,000
  • 3 full ba
  • 1,380 sqft
  • 45x102 lot
  • Est payment $1959.4/mo