37
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$399,000
Est. payment /mo
3 Baths
5,662 Sqft Lot
New
1125 S Lafayette Avenue Royal Oak, MI 48067
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261066992
Year Built 1911
Annual Tax Amount $6,201
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 89.63X62.76
Source Realcomp
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
Zoning Residential
Direction E of Woodward Ave / N of 10 Mile Rd
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Aluminum Siding,Vinyl Siding
Schools
School District Royal Oak
Others
Tax ID 2521432007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Max Broock, REALTORS-Royal Oak
NEARBY SCHOOL & BUSINESS