417 Lincoln Avenue, Royal Oak, Michigan 48067

$580,000

Property Details

MLS#: 20261036475
Bedrooms: N/A
Bathrooms: 3
Square Feet: 2,156
Price per Sqft: $269
Lot Size: 0.18 acres
Year Built: 1904
Property Type: ResidentialIncome
Status: Active

Description

Exceptional investment opportunity in the heart of Royal Oak featuring a beautifully renovated triplex on an oversized professionally landscaped lot just a short walk to vibrant downtown dining, shopping, entertainment, and nightlife. This versatile property offers strong rental income potential with Unit 1 occupying the entire first floor featuring 2 bedrooms, 1 full bath, hardwood floors, and a charming sunroom currently renting for $1,700/month. Unit 2 offers 1 bedroom, 1 bath, a sunroom, hardwood flooring and rents for $1,400/month. Unit 3 includes 1 bedroom, 1 bath, a private back deck, updated finishes throughout, and rents for $1,300/month. All units feature updated bathrooms, mainly hardwood flooring, granite countertops, and stainless-steel appliances with dishwashers, while all utilities are included in the rent for added tenant convenience. The basement provides abundant storage space along with shared community washer and dryer for all three units. Tenants enjoy both a private parking lot and additional street parking. Located near downtown Royal Oak, this property is close to popular restaurants, boutiques, coffee shops, entertainment venues, parks, and nearby Oakland Community College with easy access to major expressways and surrounding communities including Birmingham and Ferndale. Whether you are looking to expand your investment portfolio, owner occupy, redevelop, convert to additional units, or take advantage of the separate vacant land listing for future building potential, this is a rare opportunity in one of Metro Detroit’s most desirable locations.

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 417 Lincoln Avenue?

417 Lincoln Avenue is listed at $580,000, or $269 per square foot.

How many bedrooms does 417 Lincoln Avenue have?

This property has N/A bedrooms and 3 bathrooms, with 2,156 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

Similar Homes for Sale in Royal Oak

705 Dorchester Avenue, Royal Oak — $585,000 · 5bd · 4ba · 2,708sqft
621 DEWEY Street, Royal Oak — $569,000 · 4bd · 3ba · 2,084sqft
621 DEWEY Street, Royal Oak — $569,000 · 4bd · 3ba · 2,084sqft
513 Lincoln Avenue, Royal Oak — $595,000 · 5bd · 2ba · 2,391sqft
1716 12 Mile Road, Royal Oak — $549,900 · 3bd · 2ba · 1,815sqft
1712 12 Mile Road, Royal Oak — $549,900 · 3bd · 2ba · 1,815sqft
1720 12 Mile Road, Royal Oak — $549,900 · 3bd · 2ba · 1,815sqft
1718 12 Mile Road, Royal Oak — $547,900 · 3bd · 2ba · 1,815sqft