1125 Lafayette Avenue, Royal Oak, Michigan 48067

$399,000

Property Details

MLS#: 20261066992
Bedrooms: N/A
Bathrooms: 3
Square Feet: 1,915
Price per Sqft: $208
Lot Size: 0.13 acres
Year Built: 1911
Property Type: ResidentialIncome
Status: Active
Days on Market: 1

Description

This three-unit property in Royal Oak is the perfect opportunity for investors or developers! Located just minutes from downtown and close to Woodward, this property offers convenient access to freeways, shopping, dining, parks, and all the amenities Royal Oak has to offer. The property features three separate units, including a one-bedroom, one-bath unit in the basement and another one-bedroom, one-bath unit on the first floor. The third unit offers a spacious first-floor living area, with two generously sized bedrooms and a full bath upstairs. Recent updates include a newer hot water heater and boiler. With established tenants, a beautiful large lot, and a prime location, this property offers excellent investment potential, including renovating for a bigger ROI and rent opportunities and also perfect for a future development. It could also be purchased in tandem with 1119 S. Lafayette next door, creating an exciting opportunity for a larger development or multiple investments. Don’t miss the opportunity to explore all this property has to offer!

Location

This property is located in Royal Oak, Michigan. Royal Oak is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 1125 Lafayette Avenue?

1125 Lafayette Avenue is listed at $399,000, or $208 per square foot.

How many bedrooms does 1125 Lafayette Avenue have?

This property has N/A bedrooms and 3 bathrooms, with 1,915 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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