501 W Farnum Ave, Royal Oak, MI 48067

$425,000 Asking Price

3 beds

2 baths

986 sqft

Built in 1920

Amazing house walking distance to downtown Royal Oak. This 4 bed 2 bath bungalow is currently used as an investment property. This home is a great opportunity for an owner occupant looking for their next house in Royal Oak or for an investor looking to add to their portfolio.

Listing Status:: Active
Date Added:: September 23, 2024 — 95 days ago
Listing Office:: Good Company, Jim Shaffer (614-831-1720)
Office Phone:: 248-733-5811
MLS ID:: 60341746

Features & Amenities

Interior

Basement:: Unfinished
Heating:: Natural Gas, Forced Air

Exterior

General:: Brick
Style:: Ranch

Construction

General:: 1 Story, Basement

Location

Road/Access:: Paved Street
Originating MLS:: RealComp
School District:: Royal Oak Neighborhood Schools
County:: Oakland

Lot

Zoning:: T1N, R11E, SEC 16 EDGEWOOD PARK SUB E 10 FT OF LOT 22 & ALL OF LOT 23, 2516453007

Utilities

Water:: Public Water
Sewer:: Public Sanitary

Financial

Source:: RealComp

This listing courtesy of:
Good Company, Jim Shaffer

About Royal Oak, MI

Housing

Number of Units: 30,868
Median Home Value: $247,736
Median Rent: $1,045

34.24% of housing units are renter occupied.

6.03% are vacant.

Commute

Car: 64.18%
Public Transportation: 0.15%
Walk to Work: 1.27%
Work from Home: 34.11%
Other: 0.14%

The median travel time to work is 18 minutes.

People

Population: 57,250
Median Age: 37.10
Median Household Size: 2.28

Education

High School: 13.95%
Associate’s Degree: 6.68%
Bachelor’s Degree: 37.53%
Graduate Degree: 23.22%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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501 W Farnum Ave, Royal Oak, MI 48067

$425,000 Asking Price