Royal Oak, MI 48067,720 E LINCOLN Avenue

$842,000

$874,900

3.8%
Est.Price: ?

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Est. payment /mo

0.61 Acres Lot


SOLD DATE : 08/12/2024

Key Details

Sold Price $842,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Lincoln Grove

MLS Listing ID 20240029784

Sold Date 08/12/24

Originating Board Realcomp II Ltd

Annual Tax Amount $9,528

Lot Size 0.610 Acres

Acres 0.61

Lot Dimensions 142.00 x 188.00 x 133.00 x 200.00

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.

Location

State MI

County Oakland

Area Royal Oak

Zoning Residential

Direction S side of E. Lincoln E of Main St.

Exterior

Road Frontage Paved, Pub. Sidewalk

Building

Lot Description Corner Lot, Possible Basement, Residential Structure on Property

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Schools

School District Royal Oak

Others

Tax ID 2522327012

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Realcomp MLS
Listed by Paul Corona of 3DX Real Estate LLC Troy
Bought with Good Company
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