720 E LINCOLN Avenue Royal Oak, MI $ 499,900
720 E LINCOLN Avenue
$ 499,900
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720 E LINCOLN Avenue

Royal Oak, MI, 48067
$ 499,900
Baths0.0

Monthly Estimate*

$ 3,322

720 E LINCOLN Avenue, Royal Oak, MI 48067 - Image 1
720 E LINCOLN Avenue, Royal Oak, MI 48067 - Image 2
720 E LINCOLN Avenue, Royal Oak, MI 48067 - Image 3
720 E LINCOLN Avenue, Royal Oak, MI 48067 - Image 4
Studio

Lots and Land for sale in Royal Oak, MI

for $499,900. The lot size is 0.42.

Large buildable parcel on the corner of E. Lincoln and Irving near dowtown Royal Oak! Zone residential overlay with a couple different options. Could be split for 2 buildable lots with 74 feet of frontage on newly repaved Lincoln Rd and 60 feet of frontage on Irving. Could also do two 4 unit apartment buildings or one 8 unit aparment building. Perfect for the creative builder. Note this parcel does not include the home next door at 712 E. Lincoln. Can also be purchased for $874,900 with 712 E. Lincoln which is a clean updated 1650 sq ft 2 family home that is always rented, current rents are low at $2,650...landlord pays all utilities except cable / internet. This will provide 142 feet of frontage and .61 acres on E. Lincoln and allow for 3 or 4 buildable lots or many other multi unit options. See MLS# 20240029784 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 !! Prior home on 720 has already been demo'd and parcel is ready to go! All taxes are estimated and subject to change. Buyer to verify all information with City of Royal Oak.

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Lots and Land Active

Price

$ 499,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 9,528

Style

Vacant Land

Lot Size

0.42

Town/City

Royal Oak

County/Region

Oakland

MLS | Web ID

60307428

Features
General
Possession At Close
Water Public Water
Status Active Accepting Backup Offers
Subdivision LINCOLN GROVE MI
Style Vacant Land
County Oakland
Class VACANT LAND
Type Vacant Land
Percent Ownership Private
Municipality Royal Oak
Zoning Residential
Area Royal Oak (63251)
Primary City Royal Oak
Location Corner Lot
Directions S side of E. Lincoln E of Main St.
City Royal Oak
School District Royal Oak Neighborhood Schools
Street Name LINCOLN
Financial Terms Cash
Legal Description T1N R11E SEC 22 LINCOLN GROVE LOT 2 ALSO 1/2 OF VAC ALLEY ADJ TO SAME
DOM 25
Postal Code 48067
Price Per Sq Ft Total 1190238.1
Coming Soon
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Exterior
Frontage 74
Lot Size Area 0.42
Lot Dimensions 74x188x135x60x70x130
Lot Description Sidewalks
Roads Curbed Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Paul Corona

Listing Agent

3Dx Real Estate Llc Troy

Broker

paulcorona66@gmail.com

Email

Affordability Calculator

$4,116
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,322
Monthly Property Taxes
$794
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
759413 Elementary School
759716 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2024$499,900 Listed Price

Map


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720 E LINCOLN Avenue, Royal Oak, MI, 48067 is a Lots and Land for sale at $499,900 with a lot size of 0.42. 720 E LINCOLN Avenue is a studio with 0.0 baths. The property's zip code is 48067 which is in Royal Oak, MI