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7200 Whitmore Lake Road
Whitmore Lake, MI 48189

$489,900

Estimated $/mo*

4,715

Square Feet
Estimate Finished Square Feet
4,715 Sq Ft Above Ground
This is an excellent Income property to own because it's a money maker! There are 4 ranch units with separate entrances ensuring tenant privacy and security. There's a 3 bedroom unit, 2-2 bedroom units and an efficiency apartment that are ALL occupied. The seller has put on a brand new roof, a brand new septic system including a new field AND septic tanks. The seller has also invested in newer forced air furnaces, hot water heaters and electrical panels. All tenants have free use to the laundry facilities, allowing tenants to stay home making this a very attractive place to call home. Even more impressive is the unused 4 car detached garage which isn't a part of the lease contracts. Therefore, you could either store your own items in it or make additional income renting it out for boat/car/equipment storage! This income property sits on an impressive 5.98 acres with a natural marsh area and wooded area. This fantastic income property is located just mile north of N. Territorial Rd and HWY US-23, perfect for tenants working in the Ann Arbor area. Set up your showing today! All appliances are included.
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Details

Type

  • Income Property

Year Built

  • 1955

MLS#

  • 3291640

Lot Size

  • 5.98 Acres

Number Of Kitchens

  • 4

Laundry

  • Yes

Number of Units

  • 4

Road Type

  • Public

Taxable Value

  • $11,521

State Equalized Value

  • $204,400

Community

Community - Whitmore Lake Area

Whitmore Lake is an unincorporated municipality straddling the Washtenaw/Livingston County line and affording its residents convenient access to Ann Arbor, Detroit, Lansing, and Flint.  Many of Whitmore Lake’s residents enjoy year-round lakefront living along the shores of Whitmore Lake and adjacent Horseshoe Lake. 
 

A variety of housing styles can be found in Whitmore Lake, from lakefront homes and cottages to newly built neighborhoods.  In 2006, the average sale price of a single family home was $223,982; the median was $197,938.

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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.