7038 Whitmore Lake Rd Whitmore Lake, MI 48189
Estimated payment $2,636/month
Highlights
- 1.08 Acre Lot
- Forced Air Heating System
- Hot Water Heating System
- Cooling System Mounted In Outer Wall Opening
About This Home
Tri-plex located just north of the intersection at Whitmore Lake and N Territorial, only seconds from the freeway. All three ranch-style units are fully occupied with month-to-month leases, offering stable current income and flexibility for future plans. Commercial zoning allows for a wide range of development opportunities. Recent updates include a new engineered septic field, new roof, new boiler, new vinyl plank flooring, and a new water softener. This well-maintained property sits in a desirable area with excellent accessibility, making it ideal for investors or developers. Strong income-producing asset with unlimited potential for redevelopment, expansion, or continued rental use.
Listing Agent
The Charles Reinhart Company License #6506045328 Listed on: 05/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,757
Year Built
- Built in 1960
Lot Details
- 1.08 Acre Lot
- Lot Dimensions are 234 x 337 x 180 x 185
Home Design
- Slab Foundation
Parking
- 3 Parking Spaces
- Carport
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Hot Water Heating System
- Well
- Septic Tank
- Cable TV Available
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for water, sewer
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,419 | $127,500 | $0 | $0 |
| 2024 | $806 | $120,500 | $0 | $0 |
| 2023 | $768 | $111,500 | $0 | $0 |
| 2022 | $4,158 | $105,600 | $0 | $0 |
| 2021 | $4,063 | $103,200 | $0 | $0 |
| 2020 | $4,028 | $100,700 | $0 | $0 |
| 2019 | $3,935 | $100,400 | $100,400 | $0 |
| 2018 | $3,831 | $106,000 | $0 | $0 |
| 2017 | $3,679 | $100,400 | $0 | $0 |
| 2016 | $660 | $62,120 | $0 | $0 |
| 2015 | -- | $61,935 | $0 | $0 |
| 2014 | -- | $60,000 | $0 | $0 |
| 2013 | -- | $60,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | Price Changed | $425,000 | -10.5% | -- |
| 07/07/2025 07/07/25 | Price Changed | $475,000 | -5.0% | -- |
| 05/29/2025 05/29/25 | For Sale | $500,000 | -- | -- |
Source: MichRIC
MLS Number: 25025049
APN: 02-19-100-009
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Information is deemed reliable but not guaranteed.
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