5858-5860 Niles Drive, Troy, Michigan 48098
$599,900
Property Details
- MLS#: 20261048353
- Bedrooms: N/A
- Bathrooms: 5
- Square Feet: 2,890
- Price per Sqft: $208
- Lot Size: 0.24 acres
- Year Built: 1990
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 5
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
This property is located in Troy, Michigan. Troy is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 5858-5860 Niles Drive?
5858-5860 Niles Drive is listed at $599,900, or $208 per square foot.
How many bedrooms does 5858-5860 Niles Drive have?
This property has N/A bedrooms and 5 bathrooms, with 2,890 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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