9317 Main Street

Whitmore Lake, Michigan 48189

  • 4 Bed(s)
  • 4 Bath(s)
  • 1,710 Sqft
  • 0.42
    Acre(Lot)
$599,900

Description

Welcome to 9317 main street, located in the heart of downtown whitmore lake. this fully renovated multifamily property presents an outstanding investment opportunity. the property consists of four one-bedroom, one-bathroom units, three of which are already operating as highly profitable airbnb rentals. the fourth unit is leased long-term but is set to transition to a short-term rental after the lease expires in may, bringing the projected annual gross income to over $101,000. this investment offers a strong current cap rate of 9.6%, which will increase to 12.1% once all units are fully utilized as short-term rentals. the property’s prime location provides guests with easy deeded across the road to whitmore lake, an all-sports lake spanning 667 acres. the lake is a major draw for airbnb guests, ensuring near 100% occupancy on summer weekends with an average nightly rental rate of $117. the property has undergone extensive renovations the past few years, including new roofs, windows, doors, electrical systems, and plumbing, along with updated heating and cooling systems. all four units have been fully remodeled with modern interiors, including new drywall, flooring, kitchens, and bathrooms, ensuring a turnkey investment for the new owner. the units are fully furnished, with the option to purchase the furnishings with the sale. with 12 parking spaces, tenants have ample convenience, and the property is within walking distance of local shops, restaurants, and a marina where boat rentals are available. currently self-managed via airbnb, the property allows flexibility for investors to continue with this model. zoned for multifamily residential use with potential for commercial applications, this property offers both a stable income stream and future growth opportunities.

  • Property Type

    Multifamily

  • County

    Washtenaw

  • Style

    Ranch,Log Home

  • AD ID

    46961591

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Property Details

  • Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Room Information

    • Porches: Porch

    Interior Features

    • Roof : Asphalt

    Heating & Cooling

    • Cooling: Ceiling Fan(s),Central Air,Wall Unit(s)
    • Heating: Forced Air
    • Heating Fuel: Electric,Natural Gas

    Water Heater

    • Electric,Natural Gas

  • Building Information

    • Year Built: 1927
    • Building Stories: 1 Story
    • Total Units: 4
    • Roof: Asphalt
    • Foundation/Basement: Slab
    • Architecture: Ranch,Log Home

    Exterior Features

    • Fenced
    • Construction: Log

    Utility Features

    • Sewer: Sewer at Street

    Water

    • Well (Existing)
    • Water Heat: Electric,Natural Gas

  • Lot Information

    • Lot Size: 0.42
    • Dimensions: 182X101
    • Waterfront: All Sports Lake,
    • Waterfront Description: Across the Road Water Frontage,Lake Front,Shared Water Frontage,Water Front

    Property Information

    • SQ ft: 1710
    • Financing: Cash,Conventional,FHA

  • Listing Price Information

    • Original List Price: $625,000

    Listing Information

    • Possession: At Close
    • Legal Description: REWRITE PER QCD L3444 P642 NO 5-112A-1 COM AT W 1/4 COR SEC 5, TH S 2-0 E 616.26 FT IN W LN OF SEC, TH N 86-30 E 636.90 FT, TH N 80-30 E 7.76 FT, TH S 9-55 E 96.19 FT, TH N 80-30 E 213.76 FT, TH S 1-12 W 583.63 FT TO A POB, TH N 88-40 W 183 FT, TH N 1-12 E 100 FT, TH S 88-40 E 183 FT, TH S 1-12 W 100 FT TO POB. PT OF SW 1/4 SEC 5, T1S-R6E.

  • Tax Information

    • Annual Tax: $4,690
    • Parcel Number: B00205328023

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: REWRITE PER QCD L3444 P642 NO 5-112A-1 COM AT W 1/4 COR SEC 5, TH S 2-0 E 616.26 FT IN W LN OF SEC, TH N 86-30 E 636.90 FT, TH N 80-30 E 7.76 FT, TH S 9-55 E 96.19 FT, TH N 80-30 E 213.76 FT, TH S 1-12 W 583.63 FT TO A POB, TH N 88-40 W 183 FT, TH N 1-12 E 100 FT, TH S 88-40 E 183 FT, TH S 1-12 W 100 FT TO POB. PT OF SW 1/4 SEC 5, T1S-R6E.

  • Virtual Tour

    Parking Information

    • Parking: 12

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 4

  • Utility Information

    • Water:Well (Existing)
    • Sewer:Sewer at Street
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BuyOwner last updated this listing 12/18/2024 @ 07:17

  • MLS: 614761739
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 4 bedrooms which is recently sold, it has 1,710 sqft, 0 sized lot, and 0 parking. and are nearby neighborhoods.