37
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$399,000
Est. payment /mo
3 Baths
1,342 SqFt
New
1125 S Lafayette AVE Royal Oak, MI 48067
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,342 sqft
Price per Sqft $297
Subdivision Parents
MLS Listing ID 20261066992
Style Other
Full Baths 3
Year Built 1911
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type MultiFamily
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!
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 Area02251Royaloak
Rooms
Basement Finished, Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Royal Oak
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Kate DeCavitte of Max Broock, REALTORS-Royal Oak
NEARBY SCHOOL & BUSINESS