1630 N Pontiac Trl
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1630 N Pontiac Trl
9 Unit Apartment Building $1,100,000 ($122,222/Unit) 7.79% Cap Rate Walled Lake, MI 48390
Investment Highlights
- Nine-unit low-rise apartment building
- Large lot allows room for expansion - additional 0.33 acres is included in the sale
- $94,648 Average HH income within 3 miles
- 100% Occupied / 7.79 CAP
- High-demand area for rental properties with excellent demographics
- Corner location between two popular all-sports lakes
Executive Summary
This nine-unit multifamily property is located on the high-visibility corner of Walled Lake, a lively community in high demand for rental properties. This well-maintained property features one-bedroom/one-bathroom units, providing a great opportunity for rental income. Additionally, the sale includes the land next to the property, offering potential for expansion or development. With its prime location and included land, this multifamily property presents a unique investment opportunity in a desirable area.
This multifamily property is situated along N Pontiac Trail in Walled Lake, Michigan. This prime location with excellent demographics is a popular destination for recreational activities, including boating, fishing, and swimming. The city has parks and facilities that provide residents and visitors with opportunities for outdoor enjoyment. Many amenities surround his property including restaurants, shopping, business services, and major roadways.
This multifamily property is situated along N Pontiac Trail in Walled Lake, Michigan. This prime location with excellent demographics is a popular destination for recreational activities, including boating, fishing, and swimming. The city has parks and facilities that provide residents and visitors with opportunities for outdoor enjoyment. Many amenities surround his property including restaurants, shopping, business services, and major roadways.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $122,222 | Building Class | B |
| Sale Type | Investment | Building Size | 9,000 SF |
| Cap Rate | 7.79% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Price | $1,100,000 |
| Price Per Unit | $122,222 |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2021 |
| Parking Ratio | 1.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 619 |
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PROPERTY TAXES
| Parcel Number | 17-26-376-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $250,850 |
PROPERTY TAXES
Parcel Number
17-26-376-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$250,850
zoning
| Zoning Code | Al |
| Al |
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1630 N Pontiac Trl
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