BILL [email protected]
EXCLUSIVELY LISTED BY:
WALLED LAKE FOREST APARTMENTS - FOR SALE4 2 8 2 0 W 1 4 M I L E R D , W A L L E D L A K E , M I 4 8 3 9 0
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 2
OFFERING SUMMARY
Sale Price: $650,000.00
Number Of Units: 10
APN: 17-35-377-002
Year Built: 1968
Zoning: AI
Utilities: Paid by landlord
Location Description: Located on W 14 Mile
rd west of Novi Rd
PROPERTY HIGHLIGHTS
• 100% occupied
• 10 ft lake frontage
• Long term tenants
• Retiring owner
• New roof in 2014
• Newly updated units
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles
Total Households: 2,949 22,921 58,020
Total Population: 6,105 50,442 139,879
Average HH Income: $72,231 $80,577 $94,039
E X E C U T I V E S U M M A R Y : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 3
SALE PRICE $650,000.00
LOCATION INFORMATION
Building Name Walled Lake Forest Apartments
Street Address 42820 W 14 Mile Rd
City, State, Zip Walled Lake, MI 48390
County/Township South West Oakland
BUILDING INFORMATION
Price / SF $194.38
Year Built 1968
Occupancy % 100%
Taxes Summer 2016: $11,110.45
Winter 2016: $328.02
PROPERTY DETAILS
Property Type Multifamily
Traffic Count 14 Mile Rd = 8,737 (CoStar)
Property Subtype Mid-Rise
Zoning AI
APN# 17-35-377-002
UTILITIES & AMENITIES
Utilities Description Paid by landlord
P R O P E R T Y D E TA I L S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 4
A D D I T I O N A L P H O T O S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 5
A D D I T I O N A L P H O T O S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 6
A D D I T I O N A L P H O T O S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 7
A D D I T I O N A L P H O T O S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 8
A D D I T I O N A L P H O T O S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 9
P R O F I T S & L O S S : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 10
A E R I A L M A P : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 11
R E TA I L E R M A P : Walled Lake Forest Apartments | Walled Lake, MI 48390
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 12
L O C AT I O N M A P S : Walled Lake Forest Apartments | Walled Lake, MI 48390