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Key Details
Sold Price $551,000
Property Type Multi-Family
Sub Type Duplex,Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,074 sqft
Price per Sqft $179
Subdivision Summit Park Sub
MLS Listing ID 20250008547
Sold Date 05/05/25
Style Duplex,Townhouse
Bedrooms 2
Full Baths 4
Half Baths 2
Originating Board Realcomp II Ltd
Year Built 1989
Annual Tax Amount $5,319
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 80.00 x 129.00
Property Sub-Type Duplex,Townhouse
Property Description
Excellent opportunity to own this fully leased, west Troy brick duplex with outstanding income potential with double digit return when calculated with modest 2.5% appreciaiton rate. Each 1,537 sq ft unit features 3 bedrooms, 2 full, 1 half bath floor-plan with private basement, and 1 car attached garage. Utilities are separately metered and paid by tenant. Building has been well maintained and serviced by highly acclaimed Troy schools (Morse, Baker, Troy High). Current long-term tenants (12 & 14 yrs) are on a M/M basis. Projected yearly gross rent income 48 to 52 K. Contact LB for additional details. Priced to sell, act accordingly. Appointment only with Proof of Funds and/or Mortgage pre-approval. Minimum 24 hours notice to show required. Buyer/Buyer agent to verify all information.
Location
State MI
County Oakland
Area Troy
Zoning Multi-Family,Multiple,Residential
Direction West off Livernois btw 15 & 16 Mile Rd
Rooms
Basement Interior Entry, Unfinished, Private
Interior
Interior Features Laundry Facility
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central Air, Separate Meter
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Private Entry
Garage Spaces 1.0
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Separate Meters
Water Public (Municipal)
Architectural Style Duplex, Townhouse
Level or Stories 2 Story
Structure Type Brick,Stucco
Schools
School District Troy
Others
Pets Allowed Yes
Tax ID 2028476040
Ownership Broker/Agent Owned,Short Sale - No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Community Choice Realty Associates, LLC