417 W Lincoln Avenue, Royal Oak, MI 48067
417 W Lincoln Avenue, Royal Oak, MI 48067
417 W Lincoln Avenue, Royal Oak, MI 48067
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$580,000
Est. payment /mo
3 Baths
7,840 Sqft Lot
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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 20261036475

HOA Y/N true

Year Built 1904

Annual Tax Amount $12,218

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 71 x 108

Source Realcomp

Property 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 featuring 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.

Location

State MI

County Oakland

Zoning Multi-Family,Residential

Direction BETWEEN WOODWARD AND MAIN

Interior

Heating Forced Air

Cooling Window Unit(s)

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Other

Schools

School District Royal Oak

Others

Tax ID 2521407019

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://streamable.com/zgqncz

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Listed by Max Broock, REALTORS®-Birmingham

Nearby School & Business

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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