907 E Fifth St Royal Oak, MI 48067
Royal Oak AreaEstimated payment $3,551/month
Highlights
- No HOA
- Laundry Room
- 1-minute walk to Grant Park
- Keller Elementary Rated A-
- Forced Air Heating and Cooling System
About This Home
Prime investment opportunity just minutes from downtown Royal Oak! This tenant-occupied upper/lower duplex features updated kitchens and bathrooms, hardwood flooring, and stainless steel appliances throughout. Each unit offers its own private laundry and dedicated storage, providing added convenience for tenants. Turnkey income property in a highly desirable location with strong rental appeal. No showings permitted without an accepted offer. Please do not disturb tenants.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $8,048
Year Built
- Built in 1926
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 49x105
Home Design
- Composition Roof
- Aluminum Siding
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 4 Parking Spaces
- Driveway
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Insurance Expense $1,500
- Maintenance Expense $500
- Operating Expense $2,000
- Gross Income $39,000
- Net Operating Income $37,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,745 | $186,480 | $0 | $0 |
| 2024 | $6,561 | $173,180 | $0 | $0 |
| 2022 | $7,156 | $158,690 | $0 | $0 |
| 2020 | $6,329 | $122,330 | $0 | $0 |
| 2018 | $7,156 | $103,640 | $0 | $0 |
| 2017 | $3,396 | $103,640 | $0 | $0 |
| 2015 | -- | $89,050 | $0 | $0 |
| 2014 | -- | $78,230 | $0 | $0 |
| 2011 | -- | $81,670 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | Price Changed | $525,000 | -4.5% | -- |
| 04/01/2026 04/01/26 | For Sale | $550,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Interstate Title Inc | |
| Deed | $192,500 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $288,400 | New Conventional | |
| Closed | $259,700 | New Conventional | |
| Closed | $243,750 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $243,750 | New Conventional | |
| Previous Owner | $166,000 | Unknown |
Source: MichRIC
MLS Number: 26013055
APN: 25-22-208-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
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