$842,000
$874,900
3.8%For more information regarding the value of a property, please contact us for a free consultation.
720 E LINCOLN Avenue Royal Oak, MI 48067
0.61 Acres Lot
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
Waterfront no
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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