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8230 Highland Road

White Lake Twp, MI 48386
  • $1,599,999
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 20240001799
$1,599,999
  • 0
    BEDS
  • 1.51
    ACRES
  • 22
    BATHS
  • 0
    1/2 BATHS
  • 17,480
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Zoning:
Commercial,Multi-Family
Lot Size Dimensions:
241X517x133x557

School Ratings & Info

School District:

Description

This is Michigan Hotels and Housing Co, Inc. This property located in White Lake, Michigan, is approximately 2acres wide extending from Highland Road at one end and LakePontiac at the other end. It has 133 feet of waterfront on the lake.Highland Road, also known as M59, has all the businesses lined up along it, most of which are within one mile of this motel including the Oakland International Airport, and a movie theatre. The State Recreational part is directly across the lake, three major Banks, Chase, Bank of America and Citizens, Walmart supercenter, Home depot and Lowes Home improvement (200 yards) many restaurants. So many people stay here and work which is why this motel is always full. There is also a party store and provision store next door which makes life very easy and convenient for tenants, just to name a few businesses nearby.It has a total of 32 rooms. Six of the rooms are assigned to themanager's residence which is secretly connected to the frontoffice. Three of the rooms are used for storage and another 2consist of the mechanical rooms.The remaining 21 rooms which are being rented out consist of 13cabins, (one of which is a double cabin), and 8 motel rooms. Oneextra cabin is being used for storage, and can easily be convertedbank to rental. Also, some of the six rooms assigned to themanager's residence can be converted into rentals for addedvalue. There is also enough empty space to build 30 more motelrooms (with sufficient parking left) at the prompting of the city. Thearchitect has already sketched the building plans and presentedthem to the city. We have our copies to hand over to any buyer. Property is being Sold As-IS.

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
www.bhhssnyder.com/homes/146510876
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8230 Highland Road White Lake Twp, MI 48386

  • Price: $1,599,999
  • Status: Active
  • On Site: 97 Days
  • MLS #: 20240001799
0
Beds
22
Baths
0
½ Baths
1.51
Acres
17,480
SQFT
$92
$/SQFT
1957
Built
Neighborhood:
White Lake Twp
County:
Oakland
Area:
White Lake Twp
School District:
WATERFORD
Property Description
This is Michigan Hotels and Housing Co, Inc. This property located in White Lake, Michigan, is approximately 2acres wide extending from Highland Road at one end and LakePontiac at the other end. It has 133 feet of waterfront on the lake.Highland Road, also known as M59, has all the businesses lined up along it, most of which are within one mile of this motel including the Oakland International Airport, and a movie theatre. The State Recreational part is directly across the lake, three major Banks, Chase, Bank of America and Citizens, Walmart supercenter, Home depot and Lowes Home improvement (200 yards) many restaurants. So many people stay here and work which is why this motel is always full. There is also a party store and provision store next door which makes life very easy and convenient for tenants, just to name a few businesses nearby.It has a total of 32 rooms. Six of the rooms are assigned to themanager's residence which is secretly connected to the frontoffice. Three of the rooms are used for storage and another 2consist of the mechanical rooms.The remaining 21 rooms which are being rented out consist of 13cabins, (one of which is a double cabin), and 8 motel rooms. Oneextra cabin is being used for storage, and can easily be convertedbank to rental. Also, some of the six rooms assigned to themanager's residence can be converted into rentals for addedvalue. There is also enough empty space to build 30 more motelrooms (with sufficient parking left) at the prompting of the city. Thearchitect has already sketched the building plans and presentedthem to the city. We have our copies to hand over to any buyer. Property is being Sold As-IS.
Exterior Features

Architecture Level 1 Story Architecture Style CottageRanch Construction Materials VinylWood Foundation Details Slab Lot Size Dimensions 241X517x133x557 Parking Total 0 Pool YN No Road Frontage Feet 88 Road Frontage Type Paved Roof Material Asphalt Water Frontage Feet 133.00 Waterfront Description Beach FrontDirect Water FrontageLake FrontLake PrivilegesWater Front Waterfront Features All Sports LakeBoat FacilitiesDock FacilitiesSea Wall Waterfront Name Pontiac Lake Waterfront YN Yes

Interior Features

Basement YN No Baths Total 22.00 Fireplace YN No Heating Wall/Floor Furnace Heating Fuel Natural Gas Interior Features Cable Available Living Area Source Owner Sq Ft Combined 17480 Unit Efficiency Number Of 19 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

Property Features

Assessment 4643.00; City Water Existing Lease YN Yes Gross Scheduled Income 308880.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing Cash Monthly Rental Income 25740 Number Of Units Leased 22 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City White Lake Protection Period 365 Rent Includes HeatElectricWater/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Settlement Township Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 11214.0000 Tax Amount Winter 8147.0000 Title Standard (Private) Total Tax 19361.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 8230 Highland Road Water Source Well (Existing)Water at Street Zoning CommercialMulti-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Wilhelm & Associates: (248) 625-9500 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
 
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