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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

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Wilhelm & Associates Realtors
6485 Dixie Hwy.
Clarkston, MI 48346
(248) 625-9500

Wilhelm & Associates, Realtors is an Equal Opportunity Employer and supports the Fair Housing Act.

Wilhelm & Associates Realtors is the largest independent real estate company in Michigan. We dominate the real estate market in Oakland County. View Michigan homes for sale in Clarkston, Waterford, Birmingham, Bloomfield Twp., Commerce, White Lake, and many more. Visit any of our sources to find Michigan Real Estate including vacant land, waterfront homes, commercial real estate in Michigan and other residential Michigan homes for sale.