105 N Laurel Street

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Source: MiRealSource

Originating MLS: MiRealSource

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RC388923

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.

Property Information

Property Details

Location

Address

105 N Laurel Street

County

Oakland

City

Royal Oak

Zip Code

48067 2785

Subdivision

Edgewood Park-Royal Oak

School District

Royal Oak Neighborhood Schools

MLS Area

Royal Oak (63251)

Listing provided by Max Broock, REALTORS-Royal Oak, (248) 548-9100

Interior Features

Beds and Baths

Full Bathrooms

Half Bathrooms

Building

Building Information

Square Feet

4,091

Year Built

2023

Stories

Construction

Brick, Other

Foundation

Slab

Financial

Special Conditions

Standard

Property Taxes

Tax Annual Amount

$19,042

105 N Laurel Street, Royal Oak, MI 48067 2785

Market Report for 48067 2785