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Danny Dedic

info@dedicatedrealtygroup.com +1(586) 855-6672

$ 1,250,000

Est. payment | -/mo

5,011 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

5,011 SqFt

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 5,011 sqft

Price per Sqft $249

MLS Listing ID 20261069544

Year Built 1999

Lot Size 1.810 Acres

Acres 1.81

Property Sub-Type RealEstateOnly

Property Description

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!

Location

State MI

County Oakland

Area Area02091Oriontwp

Interior

Heating Forced Air, Natural Gas, Radiant

Cooling Central Air, Heat Pump

Fireplace No

Exterior

Parking Features ElectricVehicleChargingStations, Garage, Lighted, ParkingLot, OnSite, Other

Fence Fencing Allowed

Waterfront Description BeachFront, DirectWaterFrontage, LakeFront, Waterfront

View Y/N No

Garage true

Building

Foundation Basement, Poured

Sewer Sewer At Street

Water Public

New Construction No

Schools

School District Lake Orion

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional, OwnerMayCarry, Trade1031Exchange, WarrantyDeed

Listing Terms Cash, Contract, Conventional, OwnerMayCarry, Trade1031Exchange, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Listed by Thomas E Goebel of Tepee Realty

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 855-6672

info@dedicatedrealtygroup.com

2440, 2480, 2400 S Baldwin RD Orion Charter Township, MI 48360

Danny Dedic

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2440, 2480, 2400 S Baldwin RD