REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 364,995
Est. payment /mo
New
7038 Whitmore Lake Road Whitmore Lake, MI 48189 9192
3 Baths
2,916 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,916 sqft
Price per Sqft $125
Subdivision Mi
MLS Listing ID 61033479
Style 1 Story
Full Baths 3
Year Built 1960
Annual Tax Amount $4,905
Lot Size 1.080 Acres
Acres 1.08
Lot Dimensions 337 X 180 X 186 X 234
Property Sub-Type Multi-Family
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 Northfield Twp (81010)
Interior
Heating Forced Air, Hot Water, Radiant
Fireplace No
Exterior
Exterior Feature Other
Building
Story 1 Story
Foundation Slab
Water Private Well
Structure Type Other
Schools
School District Whitmore Lake Pub School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by NATOD Management