Waterfront
Address
9470 Pontiac Lake Road, White Lake Twp, MI
Price
$ 1,160,000
Property Attributes
  • ID#20240009340
  • TypeMulti-Family
  • CountyOAKLAND
  • CityWhite Lake Twp
  • AreaWhite Lake Twp
  • Zip48386
  • StyleColonial
  • Year Built1965
  • Taxes$ 15019
  • Price$ 1,160,000
  • Bedrooms10
  • Full Bathrooms14
  • Half Bathrooms1
  • Sqr Footage2700
  • Lot Size1.72 Acres
Data Source:
RealComp
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 ME FOR FINANCIALS AND ADDITIONAL PHOTOS. PLEASE SHOW CLIENT ALL PHOTOS AND SEND ME PRE-APPROVAL BEFORE REQUESTING A SHOWING.

Price History
2/16/2024 Listed $1,200,000
4/10/2024 4% - $1,160,000

General Features

Net Operating Income 83820.00
Sewer Septic Tank (Existing)
Heating Baseboard
Possession At Close
Pets Allowed No
Zoning Commercial
Operating Expense 36600.00
Gross Scheduled Income 120420.00
Full Baths 14
Half Baths 1
Year Built 1965
Property Type Multifamily
Transaction Type Sale
OccupantName ANDREW DADO
Status Active
Short Sale No
Parking Total 15
Construction Materials Block/Concrete/Masonry,Wood
Cumulative Days on Market 123
MLS Area White Lake Twp
Directions M59 TO FISK ROAD LEFT ON PONTIAC LAKE ROAD.
City White Lake Twp
Terms Offered Cash,Conventional
School District Waterford
Ownership Status Short Sale - No,Private Owned
Assessment 847.00
Total Sq Ft 2700
DOM 123
Taxes 15019.0000
Legal Description T3N,R8E,SEC 14 PART OF SW 1/4 OF NE 1/4 BEG AT PT DIST N 00-16-50 E 310.60 FT FROM CEN OF SEC,TH S 81-57-40 E 150 FT,TH N 00-16-50 E 500 FT,TH N 81-57-40 W 150 FT,TH S 00-16-50 W 500 FT TO BEG

Interior Features

Heating Fuel Natural Gas
Total Units 11
Lock Box Type Appointment
Total Baths 14.10

Exterior Features

Waterfront Name PONTIAC LAKE
Lot Size Area 1.72
Water Source Well (Existing)
Frontage Feet 149
Foundation Slab
Lot Size Dimensions 149X533
Roof Material Asphalt
Garage Y/N Yes
Road Frontage Type Dirt
Architecture Level 1 Story
Architecture Style Colonial

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Remerica Hometown One and The Originating MLS(found above), © 2024 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 25, 2024 9:30 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48386

Year Built
AVG 1950
1965

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