131 Summit View Court
White Lake Twp, MI 48386

Sold

Sold for $325,000 on Sep 13, 2018

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

• 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: Sold
• Lot Dimensions: 144.5X150.83
• Lot Size: 0.5000
• 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
• Sold Date: 2018-09-13 00:00:00
• Sold Price: 325000.0000
• 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