$ 1,250,000
-
$1,250,000
Price -
0
Bed -
0
Bath -
5,011
SqFt
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About the Listing 102354 - RC067128
Investment property with estimated $400,000+ profit potential. R-3 Zoning would allow for Four (4) waterfront new home sites in this prime time community. The McMansion at 5011 square feet Could be a profitable vacation rental as 1 or 2 units with approval of the Township. The numbers here are of potential corporate rent $7,500 for executive transfers into the metropolitan Detroit area, plus detached 3 car 1,000 sq ft garage to a local car collector. There are 2 recent surveys on the existing two (2) tax items. Profit potential is based upon combining both tax parcels into a request for splitting into five (5) tax items. One would continue as the 5011 square foot house, a second would include the detached 1000 square foot detached garage as a new home site, the balance ov vacant land petitioned into three (3) buildable sites. City water is installed in the house and is available across the street to the second tax item. Public sewer is within 500 feet of the vacant parcel and conveniently downhill. Investors are looking at this in multiple ways, the simplest profit plan maybe to purchase the large house, do a little upgrade and staging and sell for a minor profit. Before resale split the tax parcels into valuable Oakland County waterfront home sites. The owner is offering sellar financing on both or either tax parcels. Purchaser may want to consider buying the house with an option on the vacant land thus granting enough time for necessary municipal approvals. Note almost 500 feet of waterfront development land in Lake Orion School District!
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5011
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 493x268x458x145
- Zoning: Residential
- Roof:
- Others: Security Lighting
- Sewer: Public At Street
Financial Details
- Tax Amount: $9,100
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2440 2440, 2480, 240 S Baldwin Lake Orion, MI 48360
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