• 300-304 BAKER Street Royal Oak, MI 48067

  • Vacant Land / Owner Financing

Property Details for null St, Royal Oak, MI 48067

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Zoned Multiple, currently 2 houses (both rented) each sitting on 40 x 294 lots- or 80- x 294 combined or .53 of an acre which currently permits building 6 new units! However, both homes are surrounded by apartments & condos ON ALL 3 SIDES! Potential of more than 6 units (10,12, 16?) . Baker street is walking distance to downtown Royal Oak & currently new construction condos are selling for over $625,000.00 or renting for over $3,300 or $3,500.00 per month. Short term Land Contract OK! (OWNER IS LICENSED)

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Property Brokerage: RE/MAX CLASSIC 36700 Woodward Ave Ste 100 Bloomfield Hills MI 48304
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.