6743 HIGHLAND Road8327-1654

Waterford, MI

Others for Sale - $1,250,000


Agent Info

Lance Shamoo
Coldwell Banker Metro Real Estate

Property Info

CIMLS#1114879
Location
  6743 HIGHLAND Road8327-1654
  Waterford MI 48327
UpdatedFebruary 13th, 2022
TypeOthers
Price$1,250,000

Property Description

FOR SALE IN HIGH VOLUME TRAFFIC AREA, DIRECTLY SOUTH OF OAKLAND COUNTY INTERNAT'L AIRPORT. THIS BUILDING WAS USED AS AN APARTMENT BUILDING FOR MOST OF ITS LIFE. THE CURRENT OWNER STARTED TO CONVERT IT TO AN OFFICE BUILDING FOR HIS OWN USE AS WELL AS OTHER OFFICE TENANTS. IN THE PROCESS HE PURCHASED ANOTHER BUILDING THAT SUITED HIS NEEDS MORE. SO HE DECIDED TO CHANGE IT BACK TO RESIDENTIAL AND CHANGE THE HEATING SYSTEM TO INDIVIDUAL GFA FURNACES INSTEAD OF THE 1 BOILER HEAT WHICH HE HAD TO PAY THE GAS AND ELECTRIC BILL AND ADD THE MONTHLY COST NET INTO THE RENT. IN THE PROCESS OF HAVING THE CITY INSPECTOR OUT TO APPROVE THE FURNACES BEING INSTALLED, HE WAS INFORMED INFORMED HE NEED TO 1ST GET THE PROPERTY REZONED BACK TO MULTI FAMILY. SO HE HAS DROPPED THE PRICE ACCORDINGLY SO A PURCHASER CAN HANDLE THE REZONE AND COMPLETE THE CONVERSION BACK TO APARTMENTS AND FINISH THE INSTALLATION OF THE FURNACES.......LAND CONTRACT WITH AVAILABLE.


Financials



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