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$ 567,000
Est. payment | /mo
0.49 Acres Lot
$ 567,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 60377320
Style Vacant Land
Annual Tax Amount $6,602
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 145.00 x 150.00
Property Sub-Type Vacant Land
Property Description
Large buildable parcel on the corner of Leafdale and 14 Mile Rd. 145’ of frontage near downtown Royal Oak with many options. Zoned multi family. This parcel includes the home at 2503 14 mile and the vacant parcel next door for a total of .49 acres. Preliminary options would be for 2 - 6 unit apartment buildings, 2-4 unit condos/ apartments or townhome style, or whatever other ideas the creative builder may have in mind. As already stated this purchase price includes 2503 w 14, which is a clean updated 1563 sq ft multi family home that is always rented, current rents are low. This is bundled with the vacant lot next door for a total 145x150’. 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 vacant property side and do not disturb the tenants at 2503 W 14. Royal oak recently passed approval for Sheetz car wash and Gas station to build at 14 and Coolidge. See Detroit Free Press article in disclosures. Best use for this property is multi family and these parcels are already zoned to that. 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 !! Buyer to verify all information. Buyer responsible for demolition or removal of home and garage.
Location
State MI
County Oakland
Area Royal Oak (63251)
Zoning Multi-Family
Building
Water Public Water
Schools
School District Royal Oak Neighborhood Schools
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices Kee Realty Bham
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