29
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$599,900
Est. payment /mo
6 Baths
2,890 SqFt
Active
5858-5860 Niles Drive Troy, MI 48098 2939
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,890 sqft
Price per Sqft $207
Subdivision Mi
MLS Listing ID 61005910
Style 2 Story
Full Baths 4
Half Baths 2
Year Built 1990
Annual Tax Amount $9,460
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 80X130
Property Sub-Type Multi-Family
Property Description
Investment opportunities like this rarely become available. Fully occupied and generating immediate rental income, this side-by-side duplex is located in one of Troy's most sought-after rental markets and offers the combination of location, cash flow, and quality that investors are always searching for. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,444 square feet, an attached one-car garage, private entrance, and in-unit laundry. Unit 5858 has been completely renovated from top to bottom with beautiful, modern finishes throughout, while the second unit is occupied by a long-term tenant, providing stable income from day one. Separate gas, electric, and water meters allow tenants to pay their own utilities, helping keep ownership simple and operating expenses down. Perfectly positioned within the award-winning West Troy School District and just minutes from Somerset Collection, Big Beaver Road, I-75, M-59, Corewell Health Beaumont Troy Hospital, Oakland Mall, top-rated restaurants, parks, and major employers, this is a location that continues to attract strong tenant demand year after year. With no HOA, no association fees, no rent control, and both units already leased, this is a rare opportunity to acquire a high-quality, income-producing asset in one of Oakland County's premier communities. Opportunities like this are few and far between.
Location
State MI
County Oakland
Area Troy (63202)
Interior
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Slab
Structure Type Brick
Schools
School District Troy School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Prime Time Realty
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