walled lake forest apartments - for sale...taxes summer 2016: $11,110.45 winter 2016: $328.02...

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BILL MCLEOD Associate [email protected] EXCLUSIVELY LISTED BY: WALLED LAKE FOREST APARTMENTS - FOR SALE 42820 W 14 MILE RD, WALLED LAKE, MI 48390

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Page 1: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 2: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 3: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 4: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 5: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 6: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 7: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 8: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 9: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 10: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 11: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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

Page 12: WALLED LAKE FOREST APARTMENTS - FOR SALE...Taxes Summer 2016: $11,110.45 Winter 2016: $328.02 PROPERTY DETAILS Property Type Multifamily Traffic Count 14 Mile Rd = 8,737 (CoStar) Property

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