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
Bedrooms3 Baths22.0 Sq 17,480

Monthly Estimate*

$ 11,176

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Multi-Family Home for sale in White Lake, MI

for $1,599,999 with 3 bedrooms and 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

3

Full Bath

22

Property Type

Multi-Family

Taxes

$ 19,361

Style

Cottage,Ranch

Lot Size

1.51

Year Built

1957

Town/City

White Lake

County/Region

Oakland

MLS | Web ID

20240001799

Features
General
Interior Features Cable Available
Sewer Public Sewer (Sewer-Sanitary)
Heating Wall/Floor Furnace
Waterfront Description Beach Front Direct Water Frontage Lake Front Lake Privileges Water Front
Rent Includes Heat Electric Water/Sewer Snow Removal Trash Collection (Garbage Pickup) Water Yard Maintenance
Possession At Close
Pets Allowed Yes
Zoning Commercial Multi-Family
Pool Y/N 0
Full Baths 22
Half Baths 0
Year Built 1957
Property Type Multifamily
Transaction Type Sale
Status Active
Short Sale No
Parking Total 0
Construction Materials Vinyl Wood
Cumulative Days on Market 104
MLS Area White Lake Twp
Directions N of Highland/ W of Williams Lake Rd
City White Lake Twp
Terms Offered Cash
School District Waterford
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name Highland
Homestead 0
Assessment 4643.00; City Water
Total Sq Ft 17480
DOM 104
Taxes 19361.0000
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 TO SHORE OF LAKE TH ELY ALG SHORE 133
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Interior
Heating Fuel Natural Gas
Basement Y/N 0
Total Units 22
Fireplace 0
Street Suffix Road
Total Baths 22.00
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Exterior
Waterfront 1
Waterfront Name Pontiac Lake
Lot Size Area 1.51
Water Source Well (Existing) Water at Street
WaterFront Features All Sports Lake Boat Facilities Dock Facilities Sea Wall
Foundation Slab
Lot Size Dimensions 241X517x133x557
Roof Material Asphalt
Architecture Level 1 Story
Architecture Style Cottage Ranch
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Thomas Wilhelm

Listing Agent

Wilhelm & Associates

Broker

(248) 625-9500

Phone

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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848927 Elementary School
848160 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 has 3 bedrooms, 22.0 baths, and was built in 1957. The property's zip code is 48386 which is in White Lake, MI