$551,000
$475,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
103 BILTMORE Drive Troy, MI 48084
2 Beds
5 Baths
3,074 SqFt
Key Details
Sold Price $551,000
Property Type Multi-Family
Sub Type Duplex,Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,074 sqft
Price per Sqft $179
Subdivision Summit Park Sub
MLS Listing ID 20250008547
Style Duplex,Townhouse
Bedrooms 2
Full Baths 4
Half Baths 2
Year Built 1989
Annual Tax Amount $5,319
Lot Size 10,454 Sqft
Property Sub-Type Duplex,Townhouse
Property Description
Excellent opportunity to own this fully leased, west Troy brick duplex with outstanding income potential with double digit return when calculated with modest 2.5% appreciaiton rate. Each 1,537 sq ft unit features 3 bedrooms, 2 full, 1 half bath floor-plan with private basement, and 1 car attached garage. Utilities are separately metered and paid by tenant. Building has been well maintained and serviced by highly acclaimed Troy schools (Morse, Baker, Troy High). Current long-term tenants (12 & 14 yrs) are on a M/M basis. Projected yearly gross rent income 48 to 52 K. Contact LB for additional details. Priced to sell, act accordingly. Appointment only with Proof of Funds and/or Mortgage pre-approval. Minimum 24 hours notice to show required. Buyer/Buyer agent to verify all information.
Location
State MI
County Oakland
Area Troy
Zoning Multi-Family,Multiple,Residential
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central Air, Separate Meter
Laundry 1
Exterior
Exterior Feature Private Entry
Garage Spaces 1.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Separate Meters
Water Public (Municipal), Separate Meters
Structure Type Brick,Stucco
Schools
School District Troy
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with Community Choice Realty Associates, LLC