$775,000
SOLD SEP 2, 2025

1298 E Highland Rd Highland, MI 48356

5 Beds
8 Baths
2,863 Sq Ft
160,301 Sq Ft Lot

Recently Sold

$271 Per Sq Ft

9% Below List Price

64 Days on Market

Highlights

  • 3.68 Acre Lot
  • Heating system powered by renewable energy
  • Dogs and Cats Allowed
  • 2-Story Property

About This Home

As of September 2025

Welcome to an incredible opportunity to acquire a cash-flowing, Waterfront multi-family property on Highland Road in Highland Township. The property features 8 apartment units spread across 2 buildings. This well-maintained asset includes:
(5) 1-Bedroom / 1 Bath Units,
(3) Studio Units.
Each unit has its own private entrance and full bathroom, with recent upgrades including:
Fresh interior and exterior paint, new flooring, newer roof (2021), new signage, new water filtration, new electrical service, and many additional updates included.
The on-site parking lot, individual electrical meters, and low utility costs make this property manageable. The property is 100% occupied, grossing each month, and includes several long-term tenants and leases extending until 2026. Interior showings only after accepted offer.

Last Agent to Sell the Property

Claudio Meroli

R2M Realty License #6501390175 Listed on: 05/13/2025

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1974

Parking

  • Paved Parking

Home Design

  • 2,863 Sq Ft Home
  • 2-Story Property
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Utilities

  • Heating system powered by renewable energy
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 8 Full Bathrooms
  • 3.68 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 1123304002
  • $25,000 Seller Concession

Community Details

Overview

  • 8 Units

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,164

Year Built

Built in 1974

Lot Details

3.68 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 2 Story
  • Year Built: 1974
  • State Equalized Value: 140860.0000
  • Year Renovated: 1974
  • Pets Allowed: Cats OK, Dogs OK
  • AgentOnly_ListPriceByAcre: 230951.0800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Total Sq Ft: 2863

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Block, Vinyl, Wood
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: ENERGY STAR® Qualified Furnace Equipment, Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Lot Info

  • Lot Size Area: 3.68
  • Lot Dimensions: Irregular
  • Parcel Number: 1123304002
  • Zoning: Commercial, Multi-Family

Rental Info

  • Monthly Rental Income: 8475

Tax Info

  • Tax Amount Summer: 5702.0000
  • Tax Amount Winter: 1462.0000
  • Total Tax: 7164.0000
  • Taxable Value: 140860.0000

Multi Family

  • Gross Scheduled Income: 101700.00
  • Number Of Units Total: 8
  • Number of Efficiency Units: 3

MLS Schools

  • School District: Huron Valley
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2025 09/02/25 Sold $775,000 -8.8% $271 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
05/13/2025 05/13/25 For Sale $849,900 +58.9% $297 / Sq Ft
06/14/2022 06/14/22 Sold $535,000 -10.1% -- View Prior Sale
03/10/2022 03/10/22 Pending -- -- --
01/31/2022 01/31/22 For Sale -- -- --
12/31/2021 12/31/21 Pending -- -- --
12/31/2021 12/31/21 For Sale $595,000 -- --
Source: Realcomp

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,163 $167,310 $0 $0
2024 $5,702 $140,860 $0 $0
2023 $5,025 $124,040 $0 $0
2022 $5,269 $105,200 $0 $0
2021 $4,039 $96,390 $0 $0
2020 $3,282 $91,700 $0 $0
2019 $3,926 $89,370 $0 $0
2018 $3,844 $83,310 $0 $0
2015 -- $76,910 $0 $0
2014 -- $74,710 $0 $0
2011 -- $87,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20250030561

Realcomp
Your Personal Tour Guide

Ask me questions while you tour the home.