51
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$499,900
6 Baths
1,950 SqFt
New
219 W 12 Mile RD Royal Oak, MI 48073
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 1,950 sqft
Subdivision Becks
MLS Listing ID 20261056965
Style Ranch
Full Baths 3
Half Baths 3
Year Built 1957
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type MultiFamily
Property 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.
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.
Location
State MI
County Oakland
Area Area02251Royaloak
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Royal Oak
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Breed Restrictions
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Listed by Hassan Scheib of Own It Realty
NEARBY SCHOOL & BUSINESS
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