307 S Laurel Street, Royal Oak, MI 48067 2428
- $389,900
- 3
- BA
- 1,244
- SqFt
- List Price
- $389,900
- Status
- ACTIVE
- MLS#
- 61026137
- Days on Market
- 13
- Style
- Bungalow
- Year Built
- 1917
- Bathrooms
- 3
- Acres
- 0.08
- Living Area
- 1,244
- Municipality
- Royal Oak
- Region
- Royal Oak
- Township
- Royal Oak
- Subdivision
- Meadow Park Add
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 (2022) provides added comfort.Recent improvements include two new furnaces & A/C (2017) serving the first & second-floor units, along w/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 w/ rental income. Three units all seperate meters. Multiple income opportunities. Prime Royal Oak location!!
Additional Information
- Lot Dimensions
- 30 x 110
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Basement Description
- Block, Finished
- Appliances
- Gas Water Heater
- Foundation
- Basement
- Water
- Public
- School District
- Royal Oak Neighborhood Schools
Mortgage Calculator
Listing Courtesy of Real Estate One-Clinton Twp, Office Phone: 586-783-7888
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.