720 E LINCOLN, Royal Oak, Michigan 48067

List Price
Short Sale - No, Private Owned

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 $2,650...landlord pays all utilities except cable / internet. Can also be purchased for $550,000 without 712 E. Lincoln and have 2 buildable lots. See MLS# 20230038644 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 !! Prior home on 720 has already been demo'd and parcel is ready to go! Buyer to verify all information.

Additional Information

Site Description
Corner Lot, Possible Basement, Residential Structure on Property
Summer Taxes
Winter Taxes
School District
Royal Oak

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of 3DX Real Estate LLC Troy.

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