37
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$399,000
Est. payment /mo
3 Baths
1,342 SqFt
New
1125 S Lafayette Avenue Royal Oak, MI 48067 3162
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,342 sqft
Price per Sqft $297
Subdivision Mi
MLS Listing ID 61024296
Style 1 Story
Full Baths 3
Year Built 1911
Annual Tax Amount $6,201
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 89.63X62.76
Property Sub-Type Multi-Family
Property Description
This three-unit property in Royal Oak is the perfect opportunity for investors or developers! Located just minutes from downtown and close to Woodward, this property offers convenient access to freeways, shopping, dining, parks, and all the amenities Royal Oak has to offer. The property features three separate units, including a one-bedroom, one-bath unit in the basement and another one-bedroom, one-bath unit on the first floor. The third unit offers a spacious first-floor living area, with two generously sized bedrooms and a full bath upstairs. Recent updates include a newer hot water heater and boiler. With established tenants, a beautiful large lot, and a prime location, this property offers excellent investment potential, including renovating for a bigger ROI and rent opportunities and also perfect for a future development. It could also be purchased in tandem with 1119 S. Lafayette next door, creating an exciting opportunity for a larger development or multiple investments. Don't miss the opportunity to explore all this property has to offer!
Location
State MI
County Oakland
Area Royal Oak (63251)
Zoning Residential
Rooms
Basement Poured, Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum, Vinyl Siding
Building
Story 1 Story
Foundation Basement
Water Public Water
Structure Type Aluminum,Vinyl Siding
Schools
School District Royal Oak Neighborhood Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Max Broock, REALTORS-Royal Oak
NEARBY SCHOOL & BUSINESS
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