Under Contract

Accepting Backup Offers

720 E LINCOLN Avenue

Royal Oak MI, 48067

$874,900


$32.93 per sqft

Under Contract

Accepting Backup Offers

0.61 Acres

Land

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 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.

20240029784

MLS ID

May 3, 2024

Listed

June 5, 2024

Updated

Map

720 E LINCOLN Avenue
Royal Oak MI, 48067

Exterior/Building Features

Lot Size

0.61 Acres


Lot Features

Corner Lot

School Information

School District

Royal Oak

Other Property Details

Area Name

Royal Oak


Taxes

$9,528


Tax Frequency

Annually


Days on Market

23


Garage

No


View

No


County

Oakland


Pool

No


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

6/5/2024

Under Contract

 

Courtesy of 3DX Real Estate LLC Troy

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Robert Prior shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Originating MLS:
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Data last updated 6:11 PM UTC, 6/5/2024

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