Income-producing duplex in the heart of downtown Royal Oak! This well-maintained property offers 1,650 sq ft with two separate units, each with its own private entrance. The lower flat features a spacious 1-bedroom layout, while the upper unit offers 2 bedrooms. Both units have updated kitchens and bathrooms, rear deck porches, and access to shared on-site laundry. Dedicated on-site parking adds convenience for tenants. Located just minutes from downtown Royal Oak's restaurants, shops, and nightlife, this property is ideal for investors or owner-occupants looking to generate rental income in a highly desirable location.
High-Income Potential Meets Downtown Style Discover the ultimate opportunity for house hacking or smart investing with this beautifully updated, turn-key duplex located in the heart of Royal Oak, Michigan. Perfectly positioned on a prime corner lot, this property offers the rare chance to live in one unit while the other pays your mortgage, providing unmatched affordability in one of Oakland County's most sought-after zip codes. This home seamlessly blends modern updates with that classic, cozy Royal Oak vibe, making it an ideal choice for an owner-occupant looking to offset their living expenses with immediate rental income. The location is a commuter's dream, offering easy access to the vibrant shopping, dining, and entertainment of downtown Royal Oak. The property itself has been meticulously maintained with a focus on longevity and aesthetic appeal, featuring a fresh interior paint palette, professionally cleaned carpets, and newly installed blinds. The main floor bathroom shines, while the exterior boasts new cement work and a custom-built retaining wall that enhances the side garden's curb appeal. Both units enjoy the convenience of private entries, ensuring privacy for both the owner and the tenant. Functionality is at the forefront of this income-generating property, which is already registered as a rental duplex with the City of Royal Oak. The lower-level tenant, who is currently on a month-to-month lease, would love to stay, providing a seamless transition for the new owner. Residents will appreciate the shared laundry facilities and the abundance of storage space in the basement and the detached 2 car garage. Plenty of on street easy parking. Whether you are a first-time homebuyer looking for an affordable entry into the market or an investor seeking a high-demand rental, this move-in ready duplex is a standout choice in the current Royal Oak real estate market. Favorable FHA terms? No problem!
Don't miss this excellent investment opportunity! This charming brick duplex is ideally located in Royal Oak on Catalpa, just east of Woodward. The property is fully leased with long-term tenants in place, providing immediate cash flow from day one. The lower unit features two bedrooms and showcases classic charm with hardwood floors, a built-in bookcase, cove ceilings, a cheerful retro yellow bathroom, and an updated kitchen with space for a dining table. The upper unit offers a one-bedroom layout with an open-concept kitchen and living area, along with a generously sized bedroom and full bathroom. Both units share a welcoming foyer entry and have access to the common basement, which includes laundry, 2 water heaters and additional storage. Outside, enjoy a fenced backyard and convenient driveway or street parking in this attractive, tree-lined neighborhood. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. 100% Occupied and generating $2600 per month / $31,200 per year Gross. An interior Matterport virtual tour is also available.
Charming 1930s English Tudor-style multifamily home offering an excellent investment opportunity or there's the opportunity for an owner occupant as well! This tenant-occupied property features two separate units, each with 2 bedrooms and 1 bathroom, with the upper unit currently available for lease. Inside, you'll find beautifully maintained hardwood floors throughout, updated interiors, and an abundance of natural light that creates a warm and inviting atmosphere. Enjoy the large private backyard surrounded by greenery and the location within walking distance to the entertainment and dining that Downtown Royal Oak offers. A rare chance to own a classic Tudor duplex with timeless character and strong income potential.
Charming two unit multifamily in prime Royal Oak, minutes to downtown dining, shopping, parks, and quick access to Woodward and 696. Ideal house hacking opportunity with privacy. Classic early 1900s two story colonial style design with a steep gable roofline, clean siding, bright white trim, and a welcoming covered front porch. Upper unit is vacant and offers a spacious one bedroom with great natural light, hardwood floors, and updated kitchen and bath. Lower unit is a two bedroom currently rented at 1250 per month with a current tenant. Plenty of parking in back.
Turn-Key Brick Duplex Near Downtown Royal Oak! Well-maintained and updated multi-family property offering two spacious units, each with 2 bedrooms and 1 full bath, generous living and dining areas, and strong rental appeal. Features include hardwood floors throughout, updated kitchens and all appliances included. Upper unit offers newer neutral carpet and a private deck; lower unit includes an enclosed Florida room (not included in square footage). Major updates provide peace of mind: new roof (2019, full tear-off with lifetime warranty), newer energy-efficient windows, and new concrete driveway. Property offers separate utilities including two furnaces, two central A/C units, two hot water heaters, and separate washers and dryers. Additional highlights include a two-car garage with extra parking pad, fenced yard, large private basement storage areas, and owned security system. Excellent opportunity for owner-occupants or investors seeking a low-maintenance asset in a prime, high-demand Royal Oak location close to downtown amenities. Lease income projected.
Devon Street Apartments is a fully stabilized, 14-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 14 units. Of the 14 units 10 of them are one bed one bath (3 of those are Loft), 3 two bed one bath, and 1 three bed one bath. The property has 28 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $17,900. Over the last few years, the Devon Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Devon Street Apartments offers a rare combination of stability and upside potential in a prime location
The Woodland Apartments is a fully stabilized, 6-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 6 units. Of the 6 units 5 of them are one bed one bath, and 1 is two bed one bath. The property has 6 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $7,500. Over the last few years, the Kent Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Woodland Apartments offers a rare combination of stability and upside potential in a prime location.
Crooks Street Apartments is a fully stabilized, 8-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 8 units. Of the 8 units 7 of them are one bed one bath, and 1 is two bed one bath. The property has 8 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $10,600. Over the last few years, the Crooks Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Crooks Street Apartments offers a rare combination of stability and upside potential in a prime location
Kent Street Apartments is a fully stabilized, 7-unit apartment building located in the desirable community of Royal Oak, Michigan. The property features 7 units. Of the 7 units 6 of them are one bed one bath, and 1 is two bed one bath. The property has 8 off street dedicated parking spaces for tenants. The property is 100% occupied, generating a gross monthly income of over $8,800. Over the last few years, the Kent Street Apartments have undergone an extensive transformation, with every unit receiving upgraded kitchens, bathrooms, flooring, and modern fixtures. These high-end renovations allow the property to command premium rents in the Royal Oak market while ensuring low operational costs and minimal deferred maintenance for ownership. With its strong occupancy, renovated units, and close proximity to Royal Oak and Birmingham, The Kent Street Apartments offers a rare combination of stability and upside potential in a prime location
INVESTMENT OPPORTUNITY! If you're thinking about investing in Royal Oak you cannot miss out on this EXTREMELY RARE PROPERTY! Over a half acre, 3 possible income streams on a tranquil dead end street, and walking distance to downtown RO! OR live in the main house and collect part of house payment. Serene setting with concrete fountain and huge deck w/ built in bar. Not only are the grounds spectacular it features a charming but updated nearly 3000 sq ft main house, a licensed over 1000 sq ft totally remodeled carriage house w/ attached garage and a massive 4 car garage built in 1990 with an 1200 sq ft huge loft perfect to add an apartment. The first floor rooms and primary bdrm are massive. All windows have been replaced with Anderson & vinyl to keep the timeless charm. All baths completely renovated & marble lav. Refinished hardwood floors throughout. Primary bdrm w/ large wic, crown molding, recessed lighting, and balcony over looking the grounds. Charming slate sitting area with fp centered between built ins with leaded glass doors. Huge 4 season front porch. Carriage house features a newer roof, furnace, & ac. Also, remodeled with refinished pine floors, new cabinets & quartz counters, and newer carpet. Carriage house & garage loft included in main house dimensions. All appls included in house & carriage house. Also, great investment opportunity. Carriage house has been leased for $1850, the house has potential of $5000-$6000, and the 4 car garage $1500-$2000. See mls #
Royal Oak is located in Michigan. Royal Oak, Michigan has a population of 58,368. Royal Oak is less family-centric than the surrounding county with 29.6% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Royal Oak, Michigan is $87,316. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Royal Oak is 35.8 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 33.1 inches per year, with 31.9 inches of snow per year.
