Address
203 Catalpa Drive Royal Oak, MI
Price
$ 260,000
Property Attributes
  • ML#2200088758
  • TypePending
  • CountyOAKLAND
  • CityRoyal Oak
  • AreaRoyal Oak
  • NeighborhoodELOISE PARK SUB
  • Zip48067
  • StyleColonial
  • Year Built1910
  • Taxes4055
  • Price$ 260,000
  • Bedrooms1
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1380
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Real Estate One-Royal Oak
Property Description

This multi-family home within actual walking distance to downtown Royal Oak could be one of the best investment opportunities for you. This building has 3 income-producing units - 2 studios on the second floor both rented by long terms tenants and a one bedroom on the main floor that rents for $60/night on Airbnb. You could buy this property and create cash flow immediately. Apt 1, the one bedroom unit, is ready to go and fully-furnished for an additional cost. This could rent for over $1,200/month as is. Apt 2, the studio facing Catalpa, does not have a full kitchen but has been rented by the same tenant for decades. Apt 3, the studio at the back, has a large, updated bathroom and small but full kitchen. With some updating, the studios could easily rent out about $900/month. Another great option is to convert the second floor units into one 2 bed/2 bath unit, which could rent out around $2,000/month. Updated two unit homes sell for upwards of $400,000. Talk about options!

Price History
10/26/2020 Listed $260,000

General Features

Basement Type Interior Access Only, Unfinished
Construction Materials Aluminum, Vinyl
Cooling Window Unit(s)
Cumulative Days on Market 15
Gross Scheduled Income 24600.00
Heating Forced Air
Listing Agent Public Id 388923
Net Operating Income 24600.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number 2516427008
Property Type Multifamily
Rent Includes Electric, Heat, Water/Sewer
School District Royal Oak
Sewer Sewer-Sanitary
Short Sale No
Status Pending
Subdivision Name ELOISE PARK SUB
Terms Offered Cash, Conventional
Total Sq Ft 1380
Transaction Type Sale
Year Built 1910
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 3
Heating Fuel Natural Gas
Interior Features Laundry Facility
Total Baths 3.00
Total Units 3
Unit Count 3

Exterior Features

Architecture Level 2 Story
Architecture Style Colonial
Foundation Basement
Foundation Materials Block
Frontage Feet 45
Lot Size Area 0.10
Lot Size Dimensions 45.00X102.00
Porch Porch, Porch - Covered
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Brookstone Realtors and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of December 1, 2020 9:37 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48067

Price
AVG $290K
$260K
Taxes
AVG $4,529
$4,055
Visits
AVG 14
10
Year Built
AVG 1962
1910
Walkscore
AVG 59
79
Data Provided by Walkscore ® not using MLS data

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