306 N Kenwood Ave, Royal Oak, MI 48067

Description

Rare 2.375% assumable FHA mortgage opportunity! Qualified buyer may assume the existing mortgage and take advantage of a substantially below-market interest rate. Subject to lender approval.

Welcome to 306 N. Kenwood Avenue! An exceptional duplex nestled on one of Royal Oak's picturesque tree-lined streets, just a short stroll from the restaurants, boutiques, nightlife, and year-round events of vibrant downtown Royal Oak.

Whether you're looking to expand your investment portfolio, owner-occupy while generating rental income, or accommodate multi-generational living, this well-maintained property offers incredible flexibility. The lower unit features 2 bedrooms and 1 full bathroom, with the bathroom beautifully updated in 2021. The upper unit has been thoughtfully renovated in 2024, showcasing new flooring, fresh neutral paint, a completely remodeled bathroom, and an updated kitchen with modern finishes. Additional features include a welcoming enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Recent mechanical updates include a new furnace (2019) and hot water tank (2023), providing added peace of mind.

Conveniently located just minutes from I-75 and I-696, this property combines an unbeatable location with strong investment potential. Opportunities like this in downtown Royal Oak are rare—don't miss your chance to own this move-in-ready duplex in one of Metro Detroit's most sought-after communities!