131 E Walled Lake, Walled Lake

$374,900

0 Beds
0 Baths
3,900 Sqft
0 Acres
0 Garages

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 SHOWINGS

PLEASE 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)

Essential Information
MLS® #219035928
Price$374,900
Square Footage3,900
Acres0.00
Year Built1920
TypeCommercial
StatusActive
Sub-Type

Apartments, Commercial, Real Estate Only

Community Information
Address131 E Walled Lake
Area02173-Walled Lake
CityWalled Lake
CountyOakland
StateMI
Zip Code48390
Subdivision

Suprvr's Plat No 2 - Walled Lake

Amenities
UtilitiesCable TV, Smoke Alarm
Heating

Central Air, Forced Air, Baseboard

Exterior
ExteriorBrick, Wood
Exterior FeaturesOutside Lighting
FoundationBasement
School Information
DistrictWalled Lake
Zoning

Commercial, Multi-Family, Office

Listing Details
OfficeSuburban Real Estate Group
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