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$580,000

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3 Baths

2,156 SqFt

New

417 W Lincoln AVE Royal Oak, MI 48067

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James Gillen

servicereo@yahoo.com +1(248) 935-2309

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 2,156 sqft

Subdivision A Dondero'S Sub

MLS Listing ID 20261036475

Style Colonial

Full Baths 3

Year Built 1904

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type MultiFamily

Property 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

State MI

County Oakland

Area Area02251Royaloak

Rooms

Basement Common, Full, Unfinished

Interior

Interior Features EntranceFoyer, HighSpeedInternet

Heating Forced Air, Natural Gas

Cooling Ceiling Fans, Window Units

Fireplace No

Laundry LaundryRoom

Exterior

Parking Features ParkingLot

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Royal Oak

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Virtual Tour https://streamable.com/zgqncz

Listed by Tonya Newberry of Max Broock, REALTORS®-Birmingham

NEARBY SCHOOL & BUSINESS

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James Gillen

Broker | License ID: 650345538

+1(248) 935-2309

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417 W Lincoln AVE Royal Oak, MI 48067

James Gillen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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417 W Lincoln AVE