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1401 CATALPA Drive

$ 425,000


Fabulous opportunity to live in one unit while renting out the rest. Or rent them all out! Close to Woodward and walking distance to down town Royal Oak this building has been exceedingly well cared for and is on the market for the first time in 35 years. This sweet property has been a great money maker for all this time and now it’s time to pass the torch. 3 kitchens – 2 meters – 1 furnace (4-5 years old) – 1 central air unit – 1 ceiling fan – 1 washer/dryer. One car garage and 4 car parking pad. Please note: the Florida room is not counted in the total square footage. The First Floor is to be freshly painted the week of 8/10/2020

Address: 1401 CATALPA DR
Zip: 48067
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Property Id : 30172
Price: $ 425,000
Bedrooms: 2
Bathrooms: 3
Building size: 0.10 acres
Available Space: 1800 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 1/2 Story
Architecture Style: Bungalow
Assessment: 0
Basement Type: Common,Finished
Baths Full: 3
Baths Half: 0
CoList Agent MUI: 58154
CoList Agent Direct Work Phone: 248-224-1013
CoList Agent Email:
CoList Agent FullName: Caren M Goldstone
CoList Agent MLSID: 330043
CoList Office MUI: 440022902
CoList Office MLSID: 421413
CoList Office Name: Century 21 Curran & Oberski
CoList Office Phone: (248) 264-1700
Construction Materials: Brick
County Or Parish: Oakland
Cooling: Attic Fan,Central Air
Directions: South side of Catalpa, East of Woodward
Directions From EastWest: E
Directions From EastWest Detail: Woodward
Directions From NorthSouth: S
Directions From NorthSouth Detail: side of Catalpa
DOM: 1
Exterior Features: Awning/Overhang(s),Fenced,Outside Lighting
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 37
Gross Scheduled Income: 32100.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Interior Features: Cable Available
Last Change Type: New
List Office Name: Century 21 Curran & Oberski
List Price By Acre: 4250000.0000
Lock Box Type: Appointment/LockBox
Living Area Source: Measured
Lot Size Dimensions: 37x120
MLS: Realcomp II Ltd
MLS Area Major: Royal Oak
MLS Area Major Number: 02251
MLS Number: 2200061606
MF Parking: Garages,Off Site,On Street
Monthly Rental Income: 2675
Number Of Units Leased: 1
Annual Net Income: 25000.00
Number Of Units Total: 3
Original List Price: 425000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 2516304005
Postal City: Royal Oak
Postal Code Plus 4: 1190
Property Type: Multifamily
Protection Period: 180 days
Parking Total: 3
Pets Allowed: Yes
Porch Type: Porch,Porch - Covered
Rent Includes: Snow Removal,Yard Maintenance
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Asphalt
Room Count: 0
School District: Royal Oak
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 114600.0000
Street Name: CATALPA
Street Number: 1401
Street Suffix: Drive
Subdivision Name: MAPLE GROVE SUB
Sqft Combined: 2750
Sqft Lower Floor: 950
Sqft Total Bsmt: 950
Table: Multi Family
Tax Amount Summer: 3567.0000
Tax Amount Winter: 673.0000
Tax Legal Description: T1N, R11E, SEC 16 MAPLE GROVE SUB LOT 165
Title: Private - Owned
Total Tax: 4240.0000
Unit Count: 3
Unit Efficiency Number Of: 1
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 2
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1951
Zoning: Residential
Customer Comment: Yes
Encroachment: No
Existing Lease: No
Inventory List: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Century 21 Curran & Oberski and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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