INVESTMENT OPPORTUNITY! If you're thinking about investing in Royal Oak you cannot miss out on this EXTREMELY RARE PROPERTY! Over a half acre, 3 possible income streams on a tranquil dead end street, and walking distance to downtown RO! OR live in the main house and collect part of house payment. Serene setting with concrete fountain and huge deck w/ built in bar. Not only are the grounds spectacular it features a charming but updated nearly 3000 sq ft main house, a licensed over 1000 sq ft totally remodeled carriage house w/ attached garage and a massive 4 car garage built in 1990 with an 1200 sq ft huge loft perfect to add an apartment. The first floor rooms and primary bdrm are massive. All windows have been replaced with Anderson & vinyl to keep the timeless charm. All baths completely renovated & marble lav. Refinished hardwood floors throughout. Primary bdrm w/ large wic, crown molding, recessed lighting, and balcony over looking the grounds. Charming slate sitting area with fp centered between built ins with leaded glass doors. Huge 4 season front porch. Carriage house features a newer roof, furnace, & ac. Also, remodeled with refinished pine floors, new cabinets & quartz counters, and newer carpet. Carriage house & garage loft included in main house dimensions. All appls included in house & carriage house. Also, great investment opportunity. Carriage house has been leased for $1850, the house has potential of $5000-$6000, and the 4 car garage $1500-$2000. See mls #
Courtesy: DOBI Real Estate
Saverio Montalto
Welcome to this incredible duplex in the highly desirable city of Royal Oak! The location is unbeatableâ??just minutes from Woodward Avenue, downtown Royal Oak's restaurants and nightlife, with quick and convenient access to major expressways. This property offers a fantastic opportunity for both investors and future homeowners. Each unit is separately metered for gas and electric, making management simple and transparent. A spacious 3-car garage with high ceilings provides plenty of storage or workspace, and a basement laundry room adds even more convenience. It's perfect for income-offset livingâ??reside in one unit while renting out the other to help cover your mortgage and build long-term equity. Looking for a full investment? This duplex is a top-tier rental in one of Metro Detroit's most competitive and in-demand markets. Don't miss your chance to own prime Royal Oak real estateâ??schedule your showing today!
Royal Oak is located in Michigan. Royal Oak, Michigan has a population of 58,368. Royal Oak is less family-centric than the surrounding county with 29.6% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Royal Oak, Michigan is $87,316. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Royal Oak is 35.8 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 33.1 inches per year, with 31.9 inches of snow per year.
