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5858-5860 Niles Drive, Troy, MI 48098

$599,900
  • 5858-5860 Niles Drive, Troy, MI 48098 Main Photo

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Active
BEDS0 BATHS4 full 2 partial SQUARE FEET2,890 MLS#20261048353
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPleasant View-Troy SCHOOLTroy

Property 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.

5858-5860 Niles Drive | MLS# 20261048353

This multi-family property located at 5858-5860 Niles Drive, Troy, MI 48098 is currently listed for sale with an asking price of $599,900. 5858-5860 Niles Drive is located within the Troy school district. Search Troy real estate on www.griffithrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Separate Meter, Window Unit(s)
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Colonial, Duplex
Lot Size: 0.24 Acres
Year Built: 1990

Feature Descriptions

Architecture: Colonial, Duplex
Days on Site: 27
Exterior: Brick
Foundation: Slab
Frontage Feet: 80
Interior: Laundry Facility
Lot Dimensions: 0.24 Acre(s)
Road Frontage: Paved
Summer Tax: $6949.0000
Winter Tax: $2511.0000
Year Remoldeled: 2025

Local Schools

School District: Troy

Listed By / Shown By

Listed By

Agency Name: Prime Time Realty
Agency Phone: (313) 598-3055

Shown By

Agency Title: Griffith Realty
Agency Phone: 810-227-1016

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Estimated Payment

$ 1,510.09 per month $1,335.12 Principal & Interest $0.00 Property Tax (data not provided by mls) $174.97 Homeowner's Insurance

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