UPDATED:
Key Details
Property Type Multi-Family
Sub Type Cottage,Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 17,480 sqft
Price per Sqft $71
MLS Listing ID 20251004828
Style Cottage,Ranch
Bedrooms 2
Full Baths 22
Year Built 1957
Annual Tax Amount $19,361
Lot Size 1.510 Acres
Acres 1.51
Lot Dimensions 88X557x133x557
Property Sub-Type Cottage,Ranch
Source Realcomp II Ltd
Property Description
CITY SEWER is tapped and connected to all 22 units! City Water TAP is already PAID FOR by the seller!!!!
The property is currently shut down due to gas line issue. Property has been shut down since February. When it was up and running it was rented at a weekly rate, bringing in a gross amount just under $26,000 a Month!
It has a total of 32 rooms.
6 of the rooms are assigned to the
manager's residence which is connected to the front main
office. 3 of the rooms are used for storage and another 2
consists of the mechanical rooms.
The remaining 21 "rooms" consist of 13
cabins, (one of which is a double cabin), and 8 motel room building.
One extra cabin is being used for storage, and can easily be converted
back to rental. Also, some of the 6 rooms assigned to the
manager's residence can be converted into rentals for added
value. There is also enough empty space to build 30 more motel
rooms (with sufficient parking left) at the prompting of the city. The
architect has already sketched the building plans and presented
them to the city. We have our copies to hand over to any buyer. Property is being Sold As-IS.
Location
State MI
County Oakland
Area White Lake Twp
Zoning Commercial,Multi-Family
Direction N of Highland/ W of Williams Lake Rd
Body of Water Pontiac Lake
Interior
Interior Features Cable Available
Hot Water Natural Gas
Heating Wall Furnace
Fireplace no
Heat Source Natural Gas
Exterior
Waterfront Description Beach Front,Direct Water Frontage,Lake Front,Lake Privileges,Water Front
Water Access Desc All Sports Lake,Boat Facilities,Dock Facilities,Sea Wall,
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing), Water at Street
Architectural Style Cottage, Ranch
Level or Stories 1 Story
Structure Type Vinyl,Wood
Schools
School District Waterford
Others
Pets Allowed Yes
Tax ID 1213476001
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Sandra Walus
Broker Associate | License ID: 6502347609
Broker Associate License ID: 6502347609