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$ 364,995
Est. payment /mo
New
7038 Whitmore Lake RD Northfield Township, MI 48189
3 Baths
2,916 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,916 sqft
Price per Sqft $125
MLS Listing ID 20261077651
Style Ranch
Full Baths 3
Year Built 1960
Lot Size 1.080 Acres
Acres 1.08
Property Sub-Type MultiFamily
Property Description
Fully occupied triplex bringing in $3,600 per month ($43,200 annually) in gross rents, with long term tenants in place who would like to stay, so you're cash flowing from day one. The property sits on approximately 1.08 acres with General Commercial zoning, which opens the door to future redevelopment, expansion, owner-user occupancy, mixed-use concepts, or other commercial uses, subject to Township approval. The mechanicals give you real peace of mind here. The well and septic are inspected annually and have passed every year for the past 30 years, the metal roof means fewer repairs and a longer lifespan, and the HVAC is in good working order. You also get strong road visibility and quick access to US-23, with downtown Whitmore Lake, the lake itself, Independence Lake County Park, and Northfield Community Park all nearby and Ann Arbor just a short drive south. Whether you want a stabilized income property now or a commercial site to grow into down the road, this one gives you both. Please do not disturb tenants. Showings by appointment only.
Location
State MI
County Washtenaw
Area Area04041Northfieldtwp
Interior
Heating Forced Air, Hot Water, Natural Gas, Radiant
Fireplace No
Exterior
Pool None
View Y/N No
Roof Type Metal
Garage false
Building
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Whitmore Lake
Others
Senior Community false
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Drake O'Donnell of NATOD Management