1109 Catalpa DR, Royal Oak, MI 48067
1109 Catalpa DR, Royal Oak, MI 48067
1109 Catalpa DR, Royal Oak, MI 48067
1109 Catalpa DR, Royal Oak, MI 48067
1109 Catalpa DR, Royal Oak, MI 48067
1109 Catalpa DR, Royal Oak, MI 48067
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$ 359,900
Est. payment | /mo

2 Baths

1,313 SqFt


Save
$ 359,900
Est. payment | /mo
Save

2 Baths

1,313 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,313 sqft

Price per Sqft $274

Subdivision Catalpa Park

MLS Listing ID 20261010336

Style Bungalow,Duplex,UpperLowerApartment

Full Baths 2

Year Built 1949

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

Property Description

Turnkey Royal Oak investment opportunity with immediate income! This fully occupied brick duplex is located just east of Woodward Avenue and a 10 minute walk down Catalpa to Trader Joe's, in one of Royal Oak's most desirable rental markets. Both tenants recently signed new one-year leases extending through July 2027, providing stable cash flow from day one. The property currently generates $2,635 per month ($31,620 annually) in gross rental income and features a desirable unit mix consisting of a spacious two-bedroom lower unit and a one-bedroom upper unit. The lower unit offers classic Royal Oak charm with hardwood floors, coved ceilings, built-in shelving, and an updated kitchen, while the upper unit features an open-concept layout with a nice sized bedroom and full bath. Additional features include a common basement with laundry facilities, separate water heaters, tenant storage, a fenced backyard, and off-street parking. The attractive brick exterior, strong rental location, and long-term lease security make this an excellent addition to an investment portfolio. Property is 100% occupied. Matterport virtual tour available. Showings available only after accepted offer.

Location

State MI

County Oakland

Area Area02251Royaloak

Rooms

Basement Common, Full, Interior Entry, Unfinished, Walk Up Access

Interior

Interior Features EntranceFoyer

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry CommonArea, LaundryRoom

Exterior

Exterior Feature Lighting

Parking Features Lighted, OnStreet

Fence Back Yard, Fenced

Pool None

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Royal Oak

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
Listed by Eric Oesterle of National Realty Centers, Inc

Nearby Locations

GET MORE INFORMATION

Jeff Duneske
Jeff Duneske

Broker Associate | License ID: 6501297753

+1(248) 939-9393

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1109 Catalpa DR