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Excel Legacy Realty Team

hankrealtyexec@gmail.com +1(586) 598-5988

$ 389,900

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307 S Laurel Street Royal Oak, MI 48067 2428

3 Baths

1,244 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,244 sqft

Price per Sqft $313

Subdivision Mi

MLS Listing ID 61026137

Style 2 Story

Full Baths 3

Year Built 1917

Annual Tax Amount $5,525

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X110

Property Sub-Type Multi-Family

Property Description

Charming 3 Unit Income Producing Multifamily in the Heart of Royal Oak! Discover a fantastic investment opportunity just blocks from downtown Royal Oak! This charming Craftsman-style multi family home offers timeless character, generous living space, & excellent income-producing potential w/ 3 separate units, each featuring its own private entrance & appliances. The main-floor unit welcomes you w/ a spacious, light-filled living area showcasing beautiful hardwood floors & abundant natural light. The kitchen features ceramic flooring, ample cabinetry & counter space, a convenient eat-in area. The main level has washer/dryer hookup. Two generously sized bedrooms provide plenty of closet space, while the updated bathroom features a new vanity, toilet, fixtures, & refreshed shower tile. The second-floor unit offers 2 bedrooms w/ deep closets & additional storage, along with a comfortable kitchen featuring an eat-in area & a stackable washer/dryer. The updated bathroom includes a new vanity, flooring, & refreshed shower area.The lower-level unit is a cozy studio with an open-concept kitchen and living area, a full bathroom with stand-up shower, and its own washer and dryer. A split heating/cooling system provides added comfort.Recent improvements include two new furnaces & A/C systems serving the first and second-floor units, along with new electrical panels, offering added peace of mind for the next owner. Outside, enjoy a classic covered front porch, a quiet residential setting, private entrances for all three units, rear parking, and additional street parking. With its desirable location near downtown Royal Oak, shopping, restaurants, entertainment, and major commuter routes, this property offers an excellent opportunity for an investor seeking multiple income streams or an owner-occupant looking to offset their mortgage with rental income.Three units. Multiple income opportunities. Prime Royal Oak location. Classic charm with important updates already completed.

Location

State MI

County Oakland

Area Royal Oak (63251)

Zoning Multi-Family

Rooms

Basement Block, Finished

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Wood

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Wood

Schools

School District Royal Oak Neighborhood Schools

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

Virtual Tour https://unbranded.visithome.ai/DKMqyG9iYSgaY3jS7z98c7?mu=ft

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Real Estate One-Clinton Twp

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+1(586) 598-5988

hankrealtyexec@gmail.com