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$ 599,900
Est. payment /mo
New
5858-5860 Niles Drive Troy, MI 48098
6 Baths
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality City of Troy
Subdivision City Of Troy
MLS Listing ID 20261048353
Year Built 1990
Annual Tax Amount $9,460
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 80X130
Source Realcomp
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
Zoning Multi-Family,Residential
Direction S of Square Lake Rd and W of Livernois
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air, Window Unit(s)
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Troy
Others
Tax ID 2009231021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Prime Time Realty
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