21
See all 21 photos
$1,400,000
Est. payment /mo
8 Baths
4,791 Sqft Lot
New
105 N Laurel Street Royal Oak, MI 48067
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261039854
HOA Y/N true
Year Built 2023
Annual Tax Amount $19,042
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Source Realcomp
Property Description
Brand New - Low Maintenance - Fully Leased - Income Generating Multi-Family - Downtown Royal Oak. 105 N Laurel was built in 2024 with sound-proofing insulation to reduce road noise to almost zero. This has been a huge selling point for the tenants along with in-unit laundry, free parking, outdoor space, and proximity to downtown restaurants, bars, shopping, and hospitals. Each unit has identical finishes with white cabinetry, granite countertops, stainless steel appliances, outdoor space (patio or balcony depending on the unit), and storage space (room or walk-in closet depending on the unit). There are four units, each about 1,000 sqft with two bedrooms, one full bathroom, one half bathroom, in-unit laundry, separately metered electricity and gas, furnace, water heater, central air, and two assigned parking spaces. The building includes a parking lot in the back with eight parking spaces. Each unit comes with a refrigerator, electric range, dishwasher, microwave, washer, and dryer. All tenants are current on rent. Three units are leased into 2027 and one to the end of this year. Showings are only available upon accepted offer. Unit B is showed in the listing photos. Additional photos and information are available upon request.
Location
State MI
County Oakland
Zoning Multi-Family
Direction From Washington, West on 11 Mile, turn North on Laurel Ct
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick,Other
Schools
School District Royal Oak
Others
Tax ID 2516465021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Max Broock, REALTORS-Royal Oak
NEARBY SCHOOL & BUSINESS
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