720 E Lincoln Ave, Royal Oak, MI 48067

$842,000

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Sold Price
$842,000
List Price
$874,900
Closing Date
Aug 12, 2024
MLS#
20240029784
Status
CLOSED
Subdivision
LINCOLN GROVE

Property Description

Large buildable parcel on the corner of E. Lincoln and Irving! 142 feet of frontage on newly repaved Lincoln Rd near downtown Royal Oak with many options. Zoned residential overlay, this parcel also includes the home next door at 712 E. Lincoln for a total of .61 acres. Preliminary options would be for 2 - (8) unit apartment buildings, 3 - (4) unit condos/ apartments or townhome style, 3 or 4 buildable lots or whatever other ideas the creative builder may have in mind. As already stated this purchase price includes 712 E. Lincoln which is a clean updated 1650 sq ft 2 family home that is always rented, current rents are low at ..landlord pays all utilities except cable / internet. Can also be purchased for without 712 E. Lincoln and have 2 buildable lots on Lincoln and Irving. See MLS# 20240032036 for details. This is a great piece of property that does not come up for sale often near downtown RO. If you walk the property please stay on the 720 E. Lincoln side and do not disturb the tenants at 712. Owner has a valid MIchigan salesperson license but not is not the listing agent. Agent will forward any pertinent questions to the seller for answers. Help to keep improving RO and put a solid investment to work for you !! Buyer to verify all information.

Additional Information

Site Description
Corner Lot, Possible Basement, Sidewalks
Acres
0.61
Acres
0.61
School District
Royal Oak
Garage Description
Garage

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Calculator source: Real Geeks

Courtesy of 3DX Real Estate LLC Troy 8883041447

Selling Office: Good Company.

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