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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1119 S Lafayette Ave , Royal Oak, MI 48067
$360,000
Est. Payment: $800.00/mo
0 Bed
3 Bath
0 Sqft
Status: Pending | Days on site: 8
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30791219 - 437887
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

This two-unit duplex 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 that Royal Oak has to offer.The first-floor unit features 3 bedrooms and 2 full baths, along with a full basement. The second-floor unit offers 1 bedroom and 1 full bath. With established tenants and a beautiful, generously sized lot, this property offers immediate investment potential. Could also be renovated for a bigger ROI and rent opportunities while also perfect or for future development possibilities. The property could also be purchased in tandem with 1125 S. Lafayette next door, creating an exciting opportunity for a larger development or multiple investments. Don’t miss your chance to explore all this property has to offer!
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Highlights

Listed by Kate DeCavitte , 248-756-3056 Max Broock, REALTORS-Royal Oak , 248-548-9100.

Property Type

Multi-Family
Lot/Acreage
0.07

HOA Fee

Year Built

1918

County

Oakland

 Neighborhood

Royal Oak City

 School District

Royal Oak

Listing ID

20261066982

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$800
Taxes
$481
HOA
$0

Home Price

$360,000

Loan Details

30 yrs
%

Down Payment

20%
$72,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$800.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $800.00 $481.42 $0.00 $1,281.42
Yearly $9,600.00 $5,777.00 $0.00 $15,377.00
Total $288,000.00 $173,310.00 $0.00 $461,310.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Royal Oak, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.