29 East St Oxford, MI 48371
Fully occupied triplex with income potential near downtown Oxford.
Lot size:
0.19 AcresProperty Features for 29 East St
General Information
- Property type
- Investment
- Standard status
- Pending
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1930
Source:
Elliman
Listing Agent: Alex Hagopian
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Oxford Triplex Investment Opportunity
Located in Downtown Oxford, this fully occupied triplex presents an investment opportunity. The property includes two two-bedroom, one-bath units and one studio apartment that has been newly remodeled with a large kitchen, new flooring, and fresh paint. One of the two-bedroom units features an enclosed front porch, while the upper two-bedroom unit has an updated bathroom and new flooring. Each unit has its own furnace and hot water heater. All appliances are included. The property also features a large basement with designated storage for each unit and a shared laundry area. The basement formerly housed a fourth legal unit, and the property is zoned to allow up to four units, offering the possibility of reinstating the fourth unit. A detached garage has a newer roof, new gutters, and fresh gravel in the driveway. Rents are currently $1,100 for each two-bedroom unit and $825 for the studio, with all utilities included in the rent. Consumers Energy has installed 3 separate gas meters. The property is located within walking distance to restaurants, shops, grocery stores, and the weekend trolley to Lake Orion.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2652585
- Latitude
- 42.8267152
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied triplex with income potential near downtown Oxford.
Where is this triplex located?
The property is located at 29 East St Oxford, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: - Fully occupied triplex in Downtown Oxford with strong income and excellent tenant history.; - Value-add potential through raising rents to market rates or splitting utilities (3 separate gas meters already installed).; - Walkable location to restaurants, shops, grocery stores, and the weekend trolley to Lake Orion.
