For Sale
$599,000
12 Mile Rd Madison Heights, MI 48071
Two-unit rental portfolio, updated 2024
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Completely renovated in 2024, this Royal Oak multifamily property features two units totaling 1,485 square feet on a desirable corner lot.
- Unit 817 offers two bedrooms and one bath, while Unit 823 boasts three bedrooms and two baths, including a finished basement.
- Each unit includes a private detached garage, individual driveway, and separate entrance.
- Located on 12 Mile Road, between Woodward and Crooks, the property offers easy access to downtown Royal Oak, the Detroit Zoo, and major expressways.
- Unit 823 is currently leased until December 2024, providing immediate cash flow with upside potential.
- Priced at $599,000, this turnkey investment offers a strong ROI.
Property Details for 12 Mile Rd
- Property type
- Residential income homes
- Square Feet
- 1,485 SF
- Year Built/Renovated
- 1955/2024
- Stories
- 1
- Units
- 2
Location Insight
- City
- Madison Heights
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5045319
- Longitude
- -83.1119904
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - Two-unit rental portfolio, updated 2024
- Where is the residential income home located?
- The property is located at 12 Mile Rd Madison Heights, MI.
- What is the asking price?
- The asking price for this property is $599,000.
- What are key features of this property?
- This property features: Completely renovated in 2024, this Royal Oak multifamily property features two units totaling 1,485 square feet on a desirable corner lot.; Unit 817 offers two bedrooms and one bath, while Unit 823 boasts three bedrooms and two baths, including a finished basement.; Each unit includes a private detached garage, individual driveway, and separate entrance.
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