131 E Walled Lake

    Walled Lake, MI 48390
    • $374,900
    • STATUS: Active
    • ON SITE: 183 days
    • MLS #: 219035928
    UPDATED: 72 min ago
    $374,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,900
      SQFT
    • $96
      $/SQFT
    Type:
    Commercial
    Built:
    1920
    County:
    Area:
    Zoning:
    Commercial,Multi-Family,Office
    Lot Size Dimensions:
    37 X 63

    School Ratings & Info

    School District:

    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 SHOWINGSPLEASE 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)

    Monthly Payment Calculator



    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center 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: 2019-10-23T11:58:54.187.
    www.homesearchannarbor.com/homes/93931711

    131 E Walled Lake Walled Lake, MI 48390

    • Price: $374,900
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 219035928
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,900
    SQFT
    $96
    $/SQFT
    1920
    Built
    Neighborhood:
    Suprvr's Plat No 2 - Walled Lake
    County:
    Oakland
    Area:
    Walled Lake
    School District:
    WALLED LAKE
    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 SHOWINGSPLEASE 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)
    Exterior Features

    Airport YN Yes Architecture Level 2 Story Commercial Exterior Features Outside Lighting Construction Materials BrickWood Distance To Airport 25 Distance To Interstate 5 Foundation Details Basement Foundation Materials StoneOther Interstate YN Yes Lot Size Dimensions 37 X 63 Railroad YN No Road Frontage Feet 37 Road Frontage Type PavedPub. Sidewalk Roof Material AsphaltBuilt-Up Side Of Street E Waterfront Name Walled Lake Waterfront YN No Waterway YN No

    Interior Features

    Commercial Utilities Cable TvSmoke Alarm Heating Cooling BaseboardCentral AirForced Air Heating Fuel Natural Gas Office Heating Cooling BaseboardCentral AirForced AirWindow/Wall Unit Room Count 0 Sq Ft Main 3900 Sq Ft Office 1950 Sq Ft Source Prd Unit Efficiency Number Of 2 Unit One Bed Number Of 2 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

    Property Features

    Apod Available YN Yes Business Type OfficeResidentialRetailService Commercial Type ApartmentsCommercialReal Estate Only Current Use 4 APARTMENTS AND 2 BUS.SPACES Encroachment YN No Exclusions YN No Gross Scheduled Income 59775.00 Inventory Included YN No Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 0 Net Operating Income 40150.00 Operating Expense 19575.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession Close Of Escrow Postal City Walled Lake Protection Period 180 Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 4847.0000 Tax Amount Winter 99.0000 Title Private - Owned Total Tax 4946.0000 Unparsed Address 131 E Walled Lake Water Source Municipal Water Year Remodeled 1998 Zone Conform YN Yes Zoning CommercialMulti-FamilyOffice

    IDX provided courtesy of Realcomp II Ltd., via Suburban Real Estate Group and Realcomp, ©2019 Realcomp II Ltd. Shareholders.


    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center 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: 2019-10-23T11:58:54.187.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104