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131 E Walled Lake Walled Lake, MI 48390 3553
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Key Details
Sold Price $344,900
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $88
Subdivision Mi
MLS Listing ID 21595042
Sold Date 08/21/20
Annual Tax Amount $4,946
Lot Dimensions 37 X 63
Property Description
REMARKABLE INVESTMENT OPPORTUNITY*** 2 RETAIL/OFFICE SPACES ON MAIN FLOOR CURRENTLY LEASED WITH MULTIPLE YEAR LEASES - ONE 3 YEAR LEASE AND ONE 5 YEAR LEASE***EXCEPTIONAL RENTAL HISTORY ON THE 4 RENTAL APARTMENTS ON 2ND FLOOR: 2 ARE ONE BEDROOM UNITS AND 2 ARE EFFICIENCY UNITS AND ARE ALSO FULLY LEASED ***MODEST LEVERAGE AT CURRENT INTEREST RATES WILL PROVIDE EXCEPTIONAL RETURN ON EQUITY**ACROSS THE STREET FROM BEACHFRONT PARK AND POPULAR LAKEFRONT RESTAURANT***NOTE: TENANTS NOT TO BE DISTURBED!***LISTOR TO ACCOMPANY ALL SHOWINGS PLEASE NOTE: ADDRESS THROUGH TAXING RECORDS 131 E WALLED LAKE DRIVE - ADDRESS THROUGH UTILITY COMPANIES AND USED ON THE BUILDING 123 E WALLED LAKE DRIVE (INSURANCE OFFICE), 125 E WALLED LAKE DRIVE (4 APARTMENT TENANTS 2ND FLOOR), 127 E WALLED LAKE DRIVE (REAL ESTATE/MORTGAGE OFFICE)
Location
State MI
County Oakland
Area Walled Lake (63281)
Zoning Multi-Family,Professional Office,Commercial
Interior
Heating Baseboard, Forced Air
Exterior
Waterfront No
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Brick,Wood
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with KW Professionals
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