502 Knowles St, Royal Oak, MI 48067

This beautifully updated home is ideally located in downtown Royal Oak, just a few blocks from shopping, restaurants, the public library, the farmers market, and the city's many festivals. The home has been fully remodeled from top to bottom including refinished wood floors, a new kitchen and completely updated 2.5 baths. Positioned on the corner of Knowles and 5th Street, the home showcases a charming historic exterior and offers a spacious two-car detached garage suitable for parking or additional storage. The yard is attractive and well maintained, and the property includes a Generac generator for added peace of mind during power outages. A new door wall leads to a large, newly constructed front porch ideal for relaxing or entertaining, while a lovely rear deck provides a welcoming outdoor retreat for enjoying evenings in downtown Royal Oak. Minimum income requirement is $11,000 per month ($132,000 annually) for a one-year lease, with a minimum credit score of 640. Monthly rent may not exceed 30% of gross monthly income, and total monthly obligations, including rent, may not exceed 50% of gross monthly income. Applicants must have no late payments or bankruptcy within the past two years and no open collections or prior court actions related to non-payment of rent. First month's rent and a one-month security deposit are due at lease signing. A $44 non-refundable screening fee applies per adult applicant age 18 and over. Tenant is responsible for gas, electricity, and water. The Landlord will be responsible for yard maintenance and snow removal. Pets may be considered with approval, subject to a $25 monthly pet fee and a $250 non-refundable pet cleaning fee. Maximum occupancy is four persons. Showings are by appointment only and limited to applicants seeking quick occupancy. Tenant is responsible for gas, electric and internet. Water is charged on quarterly basis based on usage. No smoking. Tenant is also responsible for lawn maintenance and snow removal or a $200.00 per month charge will be added to lease.