417 Lincoln Avenue, Royal Oak, Michigan 48067
$550,000
Property Details
- MLS#: 20261082137
- Bedrooms: N/A
- Bathrooms: 3
- Square Feet: 2,156
- Price per Sqft: $255
- Lot Size: N/A
- Year Built: 1904
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
Exceptional investment opportunity in the heart of Royal Oak featuring a beautifully renovated triplex on an oversized professionally landscaped lot in downtown Royal Oak w/ a vibrant downtown dining, shopping, entertainment, & nightlife. This versatile property offers strong rental income potential w/ Unit 1 occupying the entire first floor featuring 2 bedrooms, 1 full bath, hardwood floors, & a charming sunroom currently renting for $1,800/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, & rents for $1,350/month. All units feature updated bathrooms, mainly hardwood flooring, granite countertops, & stainless-steel appliances w/ dishwashers. The basement provides abundant storage space along with shared community washer & dryer for all three units. Tenants enjoy both a private parking lot & additional street parking. This property is close to popular restaurants, boutiques, coffee shops, entertainment venues, parks, hospital & nearby Oakland Community College with easy access to major expressways & surrounding communities including Birmingham & 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. Also listed as vacant land. This was a perfect time to sell after turning over the leases. Still time to live in lower level 2 bedroom or you can find a new tenant. Rents have not been increased in a few years and now is the time to invest in walkable downtown Royal Oak. Perfect location for an investor looking to add to their portfolio or any owner occupancy. Investment Potential: This property presents a fantastic opportunity for both seasoned investors & first-time buyers looking to enter the rental market.
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 $550,000, or $255 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.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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