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$1,200,000 For Sale

8230 Highland Road
White Lake Twp, MI 48386

20 units |
8,413 sq ft,
1.51 acre lot
Commercial: Commercial - MLS# 217031167
Property Photo
1/25

Description

20 UNIT MOTEL ON ALL SPORTS PONTIAC LAKE. 130' OF FRONTAGE ON LAKE. 12 INDIVIDUAL (1 BEDROOM) CABINS. EACH CABIN HAS A GAS WALL UNIT SPACE HEATER & SMALL ELECTRIC WATER HEATER. 8 MOTEL ROOMS WITH 1 LARGE GAS HEATER/WATER HEATER. EACH MOTEL ROOM HAS INDIVIDUAL HEAT & AIR. ALL UNITS HAVE WALL UNIT AIR CONDITIONERS. EACH UNIT IS CURRENTLY RENTED FOR $165.00/WEEK. CURRENTLY FULL. HIGH TRAFFIC AREA ON HIGHLAND RD (M-59), 61' OF FRONTAGE. LAND CONTRACT TERMS AVAILABLE.

Features

  • Acres: 1.5100
  • Airport YN: 1
  • Architecture Level: 1 Story
  • Commercial Type: Apartments
  • Construction Materials: Wood, Other
  • County/Area: Oakland County
  • Distance To Airport: 3
  • Foundation Details: Slab
  • Foundation Materials: Poured
  • Frontage Feet: 61
  • Gross Scheduled Income: 160000.00
  • Heating: Forced Air, Space Heater
  • Heating Fuel: Natural Gas
  • Listing Financing: Cash, Conventional, Land Contract
  • Listing Status: Active
  • Lot Dimensions: 61X1100
  • Monthly Sales: 13200
  • Operating Expense: 34842.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 100
  • Property Type: Commercial
  • Road Frontage Type: Class A
  • School District: Waterford
  • Sewer: Septic-Existing
  • Sq.Ft.: 8413
  • Sqft Main: 8413
  • Sqft Office: 1883
  • Sqft Source: Prd
  • Sub Type: Commercial
  • Unit One Bed Number Of: 20
  • Units: 20
  • Water Frontage Feet: 130.00
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water, Water At Street
  • Year Built: 1957
  • Zip Code: 48386
  • Zoning: Commercial
  • Waterfront: Water Front, Pontiac Lake, 1

Courtesy of:

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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