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$350,000 For Sale

131 Summit View Court
White Lake Twp, MI 48386

4 units |
4,250 sq ft,
0.5 acre lot
Commercial: Commercial - MLS# 217014097
Property Photo

Description

GREAT INVESTMENT OPPORTUNITY - 4 UNIT TOWNHOUSE, 100% LEASED. EACH UNIT IS 1,075 SQ FT & FEATURES 2 BEDROOMS, 1.5 BATHS, LAUNDRY ROOM, FIREPLACE, DOORWALL TO PATIO. LARGE PRIVATE BACK YARD. (2) TOWNHOUSES ARE AVAILABLE FOR SALE - PURCHASE SEPARATELY FOR $345000 OR PURCHASE both FOR $680,000. **POSSIBILITY OF TURNING INTO CONDOS** cap rate 9.89%

Features

  • Acres: 0.5000
  • Architecture Level: 2 Story
  • Commercial Type: Apartments
  • Commercial Utilities: Cable TV
  • Construction Materials: Brick
  • County/Area: Oakland County
  • Foundation Details: Basement
  • Foundation Materials: Poured
  • Frontage Feet: 144
  • Gross Scheduled Income: 42768.00
  • Heating: Baseboard, Hot Water
  • Heating Fuel: Natural Gas
  • Inventory Included YN: 1
  • Listing Financing: Cash, Conventional, Land Contract
  • Listing Status: Active
  • Lot Dimensions: 144.5X150.83
  • Monthly Sales: 3565
  • Net Operating Income: 34138.00
  • Operating Expense: 8630.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 100
  • Property Type: Commercial
  • Road Frontage Type: Paved
  • Roof Material: Asphalt
  • School District: Waterford
  • Sewer: Septic-Existing
  • Sq.Ft.: 4250
  • Sqft Main: 4250
  • Sqft Office: 100
  • Sqft Source: Prd
  • Sub Type: Commercial
  • Subdivision: Hillview Village Sub
  • Subdivision/Neighborhood: Hillview Village Sub
  • Unit Two Bed Number Of: 4
  • Units: 4
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Year Built: 1965
  • Year Remodeled: 2008
  • Zip Code: 48386
  • Zoning: Multi-Family

Seaver Title Agency is a full service title agency providing comprehensive services to companies and individuals involved in real estate transactions.
 

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