9470 PONTIAC LAKE Road White Lake, MI ^$ 1,160,000

9470 PONTIAC LAKE Road

^$ 1,160,000

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9470 PONTIAC LAKE Road

White Lake, MI, 48386

^$ 1,160,000

Studio Baths14.1 Sq 2,700

Monthly Estimate*

^$ 7,710

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Studio

Multi-Family Home for sale in White Lake, MI

for $1,160,000 with 14 full baths, 1 half bath. This 2,700 square foot home was built in 1965 on a lot size of 1.72.

ATTENTION ALL INVESTORS GREAT OPPORTUNITY IS KNOCKING. LAKE FRONT RENTAL PROPERTY CONSISTS OF 10 ONE-BEDROOM UNITS AND A 6 BED 4 BATH HOUSE DIRECTLY ON ALL SPORTS PONTIAC LAKE. ON A 1.72 ACRES PROPERTY. 9/10 APT UNITS AND HOUSE LEASED WITH POSITIVE INCOME. 5 STUDIO UNITS AND HOUSE ARE RENOVATED. APT 2 UNDER REMODEL. HOUSE TENANT PAYS OWN UTILITIES. THIS PROPERTY IS ALSO A GREAT LOCATION TO BE RE-DEVELOPED FOR A MUCH BIGGER PROJECT TO BUILD A FEW HOMES OR AN APARTMENT COMPLEX WITH A LAKE FRONT. WILLING TO SELL SIMILAR COMPLEX 8941 PONTIAC LAKE RD FOR SAME PRICE. BUYERS MUST CHECK WITH THE CITY FOR APPROVAL FOR RE-DEVELOPMENTS PROJECTS. EMAIL ME FOR FINANCIALS AND ADDITIONAL PHOTOS. PLEASE SHOW CLIENT ALL PHOTOS AND SEND ME PRE-APPROVAL BEFORE REQUESTING A SHOWING.

Multi-Family Active

Price

^$ 1,160,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 15,019

Style

Colonial

Lot Size

1.72

Year Built

1965

Town/City

White Lake

County/Region

Oakland

MLS | Web ID

60288369

Features

General

Heating Baseboard

Possession At Close

Water Private Well

Status Active Active

Full Baths 14

Half Baths 1

Bathrooms 15

Year Built 1965

Style Colonial

County Oakland

Class MULTIFAMILY

Type Multi-Family

Net Income 83820

Percent Ownership Private

Municipality White Lake Twp

Zoning Commercial

Subdivision MI

Structure Style 1 Story

Area White Lake Twp (63121)

Primary City White Lake

Directions M59 TO FISK ROAD LEFT ON PONTIAC LAKE ROAD.

City White Lake

School District Waterford School District

Street Name PONTIAC LAKE

Financial Terms Cash Conventional

Legal Description T3N R8E SEC 14 PART OF SW 1/4 OF NE 1/4 BEG AT PT DIST N 00-16-50 E 310.60 FT FROM CEN OF SEC TH S 81-57-40 E 150 FT TH N 00-16-50 E 500 FT TH N 81-57-40 W 150 FT

DOM 96

Postal Code 48386

Price Per Sq Ft Total 429.63

Coming Soon ATTENTION ALL INVESTORS GREAT OPPORTUNITY IS KNOCKING. LAKE FRONT RENTAL PROPERTY CONSISTS OF 10 ONE-BEDROOM UNITS AND A 6 BED 4 BATH HOUSE DIRECTLY ON ALL SPORTS PONTIAC LAKE. ON A 1.72 ACRES PROPERT

Exterior

Exterior Wood

Frontage 149

Body of Water PONTIAC LAKE

Lot Size Area 1.72

Lot Dimensions 149X533

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 11

Fuel Type Natural Gas

* Excluded Features

List By

Andrew Dado

Listing Agent

365 Realty

Broker

andrewdadorealtor@gmail.com

Affordability Calculator

$8,961

Per Month

Monthly Principal & Interest: $7,710
Monthly Property Taxes: $1,252
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in White Lake, MI

Average List Price ^$829,950

Percent of Sale Price 28%

About White Lake, MI

30,053 Population

0% Since 2002

^$0 Median Income

0 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760461 Elementary School

759466 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$1,160,000	-3.33%	Price Down
2/16/2024	$1,200,000		Listed Price

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9470 PONTIAC LAKE Road, White Lake, MI, 48386 is a Multi-Family Home for sale at $1,160,000 with 2,700 sqft and a lot size of 1.72. 9470 PONTIAC LAKE Road is a studio with 14.1 baths and was built in 1965. The property's zip code is 48386 which is in White Lake, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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9470 PONTIAC LAKE Road

Multi-Family Home for sale in White Lake, MI

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