5858-5860 Niles Drive
Troy, MI, 48098 $ 599,900
Baths4.2 Sq 2,890 Monthly Estimate*
$ 3,788
Studio for $599,900 with 4 full baths, 2 half baths. This 2,890 square foot home was built in 1990 on a lot size of 0.24.
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.
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FeaturesGeneralHeating Forced Air
Cooling Central A/C Window Unit(s)
Possession Subject To Tenant Rights
Status Active Coming Soon
Full Baths 4
Half Baths 2
Bathrooms 6
Year Built 1990
Parking On Street
Subdivision Pleasant View-Troy MI
Style Colonial
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 45000
Ownership Private
Municipality Troy
Sale/Rent For Sale
Status Detail 4
Structure Style 2 Story
Area Troy (63202)
Primary City Troy
Directions S of Square Lake Rd and W of Livernois
City Troy
School District Troy School District
Financial Terms Cash Conventional
Legal Description T2N R11E SEC 9 PLEASANT VIEW SUB N 1.00 FT OF LOT 27 ALL OF LOT 28 LOT 29 EXC N 1.00 FT 11/23/88 FR 005 & 006
DOM 0
Postal Code 48098
Price Per Sq Ft Total AG 207.58
Public Remarks Investment opportunities like this rarely become available. Fully occupied and generating immediate rental income
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ExteriorExterior Brick
Frontage 80
Lot Size Area 0.24
Lot Dimensions 80X130
Roads Paved Street
Waterfront Y/N No
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InteriorFireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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* Excluded FeaturesList ByTahmidur ChoudhuryListing Agent
tahmidur.choudhury@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,788
- Monthly Property Taxes
- $788
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Troy, MI
Average List Price $0
Percent of Sale Price 100%
About Troy, MI 83,514 Population
3% Since 2002
$ 88,798 Median Income
44 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
759675 Elementary School
759791 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2026 | $599,900 | | Listed Price |