$1,160,000
$40K PRICE DROP

9470 Pontiac Lake Rd White Lake, MI 48386

Estimated payment $7,603/month

Total Views 22,338
10 Beds
14.5 Baths
2,700 Sq Ft
$430 Price per Sq Ft

Highlights

  • 1.72 Acre Lot
  • 1-Story Property
  • 15 Car Garage
  • Colonial Architecture
  • Baseboard Heating

About This Home

ATTENTION ALL INVESTORS GREAT OPPORTUNITY IS KNOCKING. LAKE FRONT RENTAL PROPERTY CONSISTS OF 10 ONE-BEDROOM UNITS AND A 6 BED 4 BATH HOUSE DIRECTLY ON ALL SPORTS PONTIAC LAKE. ON A 1.72 ACRES PROPERTY. ALL UNITS AND HOUSE LEASED WITH POSITIVE INCOME. 6 STUDIO UNITS AND HOUSE ARE RENOVATED. HOUSE TENANT PAYS OWN UTILITIES. THIS PROPERTY IS ALSO A GREAT LOCATION TO BE RE-DEVELOPED FOR A MUCH BIGGER PROJECT TO BUILD A FEW HOMES OR AN APARTMENT COMPLEX WITH A LAKE FRONT. WILLING TO SELL SIMILAR COMPLEX 8941 PONTIAC LAKE RD FOR SAME PRICE. BUYERS MUST CHECK WITH THE CITY FOR APPROVAL FOR RE-DEVELOPMENTS PROJECTS. EMAIL FOR FINANCIALS AND ADDITIONAL PHOTOS. PLEASE SHOW CLIENT ALL PHOTOS AND SEND PRE-APPROVAL BEFORE REQUESTING A SHOWING.

Listing Agent

Andrew Dado

365 REALTY License #6501454233 Listed on: 02/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 1.72 Acre Lot
  • Lot Dimensions are 149x533
  • Dirt Road

Parking

  • 15 Car Garage

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 1214253001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,019

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 1 Story
  • Assessment: 847.00
  • Year Built: 1965
  • State Equalized Value: 294580.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 14.10
  • Full Bathrooms: 14
  • Half Bathrooms: 1
  • Sq Ft Combined: 2700
  • Total Sq Ft: 2700
  • Sq Ft Total Bsmt: 390

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: PONTIAC LAKE
  • Foundation Details: Slab
  • Construction Materials: Block, Wood
  • Frontage Feet: 149
  • Road Frontage Type: Dirt

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 15

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Fee Information

  • Operating Expense: 36600.00

Schools

  • School District: Waterford

Lot Info

  • Lot Size Area: 1.72
  • Lot Dimensions: 149X533
  • Parcel Number: 1214253001
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 10035

Tax Info

  • Tax Amount Summer: 10954.0000
  • Tax Amount Winter: 4065.0000
  • Total Tax: 15019.0000
  • Taxable Value: 281040.0000

Multi Family

  • Gross Scheduled Income: 120420.00
  • Number Of Units Total: 11
  • Number of Four Bedroom Units: 1
  • Number of One Bedroom Units: 10
  • Number Of Units Leased: 10

MLS Schools

  • School District: Waterford

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Price Changed $1,160,000 -3.3% $430 / Sq Ft
02/16/2024 02/16/24 For Sale $1,200,000 +1746.2% $444 / Sq Ft
12/30/2012 12/30/12 Sold $65,000 -34.3% $27 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
10/26/2012 10/26/12 For Sale $99,000 -- $42 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20240009340

Realcomp

APN: Y -12-14-253-001

Michigan Oakland County White Lake Township

9470 Pontiac Lake Rd, White Lake Township, MI

This home is located at 9470 Pontiac Lake Rd, White Lake, MI 48386 and is currently priced at $1,160,000, approximately $429 per square foot. This property was built in 1965. 9470 Pontiac Lake Rd is a home located in Oakland County with nearby schools including St. Patrick School and Lakecrest Baptist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes
Listing Agent
Andrew Dado
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365 REALTY
(947) 245-0962