Great multi-family investment property located within walking distance of downtown Royal Oak! 1 block to Main St! Do not miss out on this one! This professionally managed property has 3 income-producing units - 2 studios on the second floor, both rented, with one long term tenant and a one bedroom on the main floor. When you buy this property you will be generating cash flow from day 1! Apt 1, the one bedroom unit, is currently tenanted . Apt 2, the studio facing Catalpa, does not have a full kitchen but has been rented by the same tenant for decades. Apt 3, the studio in the back, has a large, updated bathroom and small but full kitchen and is currently tenanted. With some updating you could easily add additional value and rental income by using it as its previous use (Air B&B) or possibly converting to a single family. Another possible option is to convert the second floor units into one 2 bed/2 bath unit. The possibilities with this one are endless! This location is prime! Close to shopping, restaurants, freeways and all the amenities Royal Oak has to offer.