18
See all 18 photos
$1,250,000
Est. payment /mo
22 Baths
1.51 Acres Lot
New
8230 Highland Road White Lake, MI
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality White Lake Twp
Subdivision White Lake Twp
MLS Listing ID 20251004828
HOA Y/N true
Year Built 1957
Annual Tax Amount $19,361
Lot Size 1.510 Acres
Acres 1.51
Lot Dimensions 88X557x133x557
Source Realcomp
Property Description
This property is located in White Lake, 1.51 Acres, and It has 133 feet of waterfront ON PONTIAC LAKE.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 themanager's residence which is connected to the front mainoffice. 3 of the rooms are used for storage and another 2consists of the mechanical rooms.The remaining 21 "rooms" consist of 13cabins, (one of which is a double cabin), and 8 motel room building. One extra cabin is being used for storage, and can easily be convertedback to rental. Also, some of the 6 rooms assigned to themanager's residence can be converted into rentals for addedvalue. There is also enough empty space to build 30 more motelrooms (with sufficient parking left) at the prompting of the city. Thearchitect has already sketched the building plans and presentedthem 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 Oakland County - 70
Zoning Commercial,Multi-Family
Direction N of Highland/ W of Williams Lake Rd
Rooms
Basement Slab
Exterior
Amenities Available Pets Allowed
Waterfront Description Lake
View Y/N No
Building
Sewer Public
Water Well
Structure Type Vinyl Siding,Wood Siding
Schools
School District Waterford
Others
Tax ID 1213476001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Wilhelm & Associates