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$ 1,160,000
Est. payment | /mo
15 Baths
1.72 Acres Lot
$ 1,160,000
Est. payment | /mo
15 Baths
1.72 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality White Lake Twp
Subdivision White Lake Twp
MLS Listing ID 20240009340
Originating Board Realcomp
Year Built 1965
Annual Tax Amount $15,019
Lot Size 1.720 Acres
Acres 1.72
Lot Dimensions 149X533
Property Description
ATTENTION ALL INVESTORS GREAT OPPORTUNITY IS KNOCKING. LAKE FRONT RENTAL PROPERTY CONSISTS OF 10 ONE-BEDROOM UNITS AND A 6 BED 4 BATH HOUSE DIRECTLY ON ALL SPORTS PONTIAC LAKE. ON A 1.72 ACRES PROPERTY. ALL UNITS AND HOUSE LEASED WITH POSITIVE INCOME. 6 STUDIO UNITS AND HOUSE ARE RENOVATED. HOUSE TENANT PAYS OWN UTILITIES. THIS PROPERTY IS ALSO A GREAT LOCATION TO BE RE-DEVELOPED FOR A MUCH BIGGER PROJECT TO BUILD A FEW HOMES OR AN APARTMENT COMPLEX WITH A LAKE FRONT. WILLING TO SELL SIMILAR COMPLEX 8941 PONTIAC LAKE RD FOR SAME PRICE. BUYERS MUST CHECK WITH THE CITY FOR APPROVAL FOR RE-DEVELOPMENTS PROJECTS. EMAIL FOR FINANCIALS AND ADDITIONAL PHOTOS. PLEASE SHOW CLIENT ALL PHOTOS AND SEND PRE-APPROVAL BEFORE REQUESTING A SHOWING.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Commercial
Direction M59 TO FISK ROAD LEFT ON PONTIAC LAKE ROAD.
Rooms
Basement Slab
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Water Well
Structure Type Wood Siding
Schools
School District Waterford
Others
Tax ID 1214253001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by 365 REALTY