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About This Home

This 4-bedroom, 3-bathroom residential multi family at 417 W Lincoln Avenue in Royal Oak, MI is listed for $580,000 ($269 per sqft). Built in 1904, the home offers 2,156 sqft of living space on a 0.18 acres lot.

Agent 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 featurin

g 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.

Key Features

  • Built in 1904
  • 0.18 acre lot
  • 2 stories

Property Details

2 stories
3 full
1904

Amenities

A/C

Monthly Cost Estimate

$3,102/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,513
Insurance$169

Estimates only. Actual payments may vary.

Location

417 W Lincoln Avenue

Royal Oak, MI 48067

A DONDERO'S SUB

Features & Amenities

Interior Features

Smoke AlarmEntrance FoyerHigh Spd Internet AvailLaundry Facility

Property Details

Heating

Forced Air

Cooling

Window Unit(s)Ceiling Fan(s)

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 417 W Lincoln Avenue is listed at $580,000 ($269/sqft). The estimated monthly payment is $2,513 based on 20% down at 6.5% interest.

Key features include: Built in 1904, 0.18 acre lot, 2 stories. Interior Features: Smoke Alarm, Entrance Foyer, High Spd Internet Avail.

This property is listed by Tonya Newberry and can be reached at (248) 304-6700 or newberry@newberrycollection.com.

TN

Tonya Newberry

Agent at Max Broock, REALTORS(R)-Birmingham

(248) 304-6700

Listed by Max Broock, REALTORS(R)-Birmingham · View on Broker Site

MLS# 20261036475· Source: listhub· Updated 11 days ago

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417 W Lincoln Avenue, Royal Oak, MI 48067

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