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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
Style Duplex,Townhouse
Bedrooms 2
Full Baths 4
Half Baths 2
Year Built 1989
Annual Tax Amount $5,319
Lot Size 10,454 Sqft
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
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central Air, Separate Meter
Laundry 1
Exterior
Exterior Feature Private Entry
Garage Spaces 1.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Separate Meters
Water Public (Municipal), Separate Meters
Structure Type Brick,Stucco
Schools
School District Troy
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Community Choice Realty Associates, LLC
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