3058 Dixie Hwy

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Address: 3058 Dixie Hwy , Waterford, Michigan, US
Created date: March 19, 2024
Date last updated: March 19, 2024
  • Picturesque & serene lakefront location
  • 6-unit apartment building
  • 100% occupied
  • Additional income opportunity from 6 boat slips
  • Renovated in 2022
  • Located on Loon Lake - an all-sports lake
  • 7.16% CAP

Property Description

Introducing an exceptional Multi-family investment opportunity nestled on the picturesque shores of Loon Lake in Waterford. This six-unit building offers a unique opportunity for investors or those seeking a peaceful lakeside retreat. The unit mix features 1 two-bedroom condo and 5 one-bedroom apartments that were renovated in 2022 with modern finishes. The property also has six boat slips (2 are occupied), covered parking, and enough parking for 17 vehicles. The residents of the apartment building are able to enjoy stunning waterfront views and serene ambiance all year round. Don't miss out on this exceptional opportunity to own a multi-family lake-front property on one of Oakland County's desirable all-sports lakes!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,100,000
No. of Units: 6
Year Built: 1963
Lot Size: 1.08 Sq ft
Opportunity Zone: No
Price per unit: $183,333
Property Website Click Here
Address: 3058 Dixie Hwy, Waterford Twp, MI 48328, USA
Provided by:

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