8230 Highland Road $1,599,999

    Close

    8230 Highland Road White Lake, MI 48386

    • 0 Beds
    • 22 Baths
    • 17,480 sq. ft.
    • Multi-Family
    • MLS# 60281678
    Favorite Share
    Views: 10 Days On Site: 110

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Description Tours

    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.

    • General Features
      • Acreage 1.51
      • Area Municipality White Lake Twp (63121)
      • Body of Water Pontiac Lake
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 1 Story
      • Styles Ranch
      • Waterfront Y/N Yes
      • Year Built 1957
    • Building Features
      • Exterior Construction Vinyl Siding, Wood
      • FUEL TYPE Natural Gas
      • Foundation Type Slab
      • Interior Features Cable/Internet Avail.
      • Heating System Floor Furnace
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 241X517x133x557
      • Water Features All Sports Lake, Boat Facility, Dock/Pier Facility, Lake Frontage, Sea Wall, Waterfront
      • Water Private Well, Public Water at Street
    • Schools
      • School District Waterford School District

    Contact

    Jack Baldridge

    Jack Baldridge

    Realtor

    RE/MAX Select

    Direct: 810-347-6995

    Neighborhood

    48386 (White Lake) Demographics

    45 Median Age
    973 Population Density (per sq. mile)
    41% College Educated
    $79,489 Estimated Median Income
    6,070 Estimated Total Home Owners
    1,328 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    18,631 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $380,023 Median Sales Price
    16 Homes Sold
    84 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,599,999
        1/9/2024 4:22:00 PM New in Database Source: Multiple Listing Service New Value: $1,599,999

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.