8230 Highland Road White Lake, MI $ 1,599,999
8230 Highland Road
$ 1,599,999
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8230 Highland Road

White Lake, MI, 48386
$ 1,599,999
Baths22.0 Sq 17,480

Monthly Estimate*

$ 11,176

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Studio

Multi-Family Home for sale in White Lake, MI

for $1,599,999 with 22 full baths. This 17,480 square foot home was built in 1957 on a lot size of 1.51.

This is Michigan Hotels and Housing Co, Inc. This property located in White Lake, Michigan, is approximately 2 acres wide extending from Highland Road at one end and Lake Pontiac 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 the manager's residence which is secretly connected to the front office. Three of the rooms are used for storage and another 2 consist of the mechanical rooms. The remaining 21 rooms which are being rented out consist of 13 cabins, (one of which is a double cabin), and 8 motel rooms. One extra cabin is being used for storage, and can easily be converted bank to rental. Also, some of the six rooms assigned to the manager's residence can be converted into rentals for added value. There is also enough empty space to build 30 more motel rooms (with sufficient parking left) at the prompting of the city. The architect has already sketched the building plans and presented them to the city. We have our copies to hand over to any buyer. Property is being Sold As-IS.

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Multi-Family Active

Price

$ 1,599,999

Bedrooms

Studio

Full Bath

22

Property Type

Multi-Family

Taxes

$ 19,361

Style

Ranch

Lot Size

1.51

Year Built

1957

Town/City

White Lake

County/Region

Oakland

MLS | Web ID

60281678

Features
General
Interior Features Cable/Internet Avail.
Heating Floor Furnace
Possession At Close
Water Private Well Public Water at Street
Status Active Active
Full Baths 22
Half Baths 0
Bathrooms 22
Year Built 1957
Water Heater Gas
Style Ranch
County Oakland
Class MULTIFAMILY
Type Multi-Family
Percent Ownership Private
Municipality White Lake Twp
Subdivision MI
Structure Style 1 Story
Area White Lake Twp (63121)
Primary City White Lake
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20230072720
Directions N of Highland/ W of Williams Lake Rd
City White Lake
School District Waterford School District
Street Name Highland
Financial Terms Cash
Legal Description T3N R8E SEC 13 PART OF SE 1/4 OF SE 1/4 BEG AT PT DIST W 1285.54 FT & N 754.77 FT & N 02-19-00 E 12.90 FT FROM SE SEC COR TH N 02-19-00 E 517.50 FT MORE OR LESS
DOM 105
Postal Code 48386
Price Per Sq Ft 91.53
Coming Soon This is Michigan Hotels and Housing Co Inc. This property located in White Lake Michigan
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Exterior
Exterior Vinyl Siding Wood
Frontage 88
Body of Water Pontiac Lake
Lot Size Area 1.51
Lot Dimensions 241X517x133x557
Water Features Dock/Pier Facility Boat Facility Lake Frontage Sea Wall Waterfront All Sports Lake
Roads Paved Street
Waterfront Y/N Yes
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Interior
Fireplace? No
Total Number of Units 22
Fuel Type Natural Gas
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* Excluded Features
List By
Thomas Wilhelm

Listing Agent

Wilhelm & Associates

Broker

wilhelmpro@hotmail.com

Email

Affordability Calculator

$12,790
Per Month
87%
13%
0%
Monthly Principal & Interest
$11,176
Monthly Property Taxes
$1,613
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
760461 Elementary School
759466 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2024$1,599,999 Listed Price

Map


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8230 Highland Road, White Lake, MI, 48386 is a Multi-Family Home for sale at $1,599,999 with 17,480 sqft and a lot size of 1.51. 8230 Highland Road is a studio with 22.0 baths and was built in 1957. The property's zip code is 48386 which is in White Lake, MI