Groveland Twp, MI 48350,16200 DIXIE

$938,000

$1,100,000

14.7%
Est.Price: ?

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Est. payment /mo

18 Baths

6,604 SqFt


SOLD DATE : 05/08/2024

Key Details

Sold Price $938,000

Property Type Multi-Family

Sub Type Ranch

Listing Status Sold

Purchase Type For Sale

Square Footage 6,604 sqft

Price per Sqft $142

MLS Listing ID 20230102214

Sold Date 05/08/24

Style Ranch

Full Baths 18

Originating Board Realcomp II Ltd

Year Built 1953

Annual Tax Amount $11,382

Lot Size 4.000 Acres

Acres 4.0

Lot Dimensions 638x375x296x530

Property Description

18 Units Studio Apartment/Motel Located Off Dixie Hwy in Davisburg. Well Maintained. We are undergoing transforming every room currently to subsidized housing section 8 which includes new mini kitchens. 18 units x $885 avg = $191,660 year. We have an excellent relationship with multiple housing agencies who send endless people to us for application. Propane is used for the water heater only. Motel was in the Movie Real Steel.
Updates as follows
1.) 100% complete rewire with (5) dedicated circuits to each room.
2.) Attic and basement and access tunnel new lighting and branch circuit infrastructure
4.) New electric baseboard heat every unit
5.) Wifi enabled remote control (property owner) thermostats every unit. Stops anyone from increasing temp past setting.
6.) All units remote control push button front door locks. Wifi enabled to control entry. Codes can be changed remote.
7.) complete 16 high definition camera system with microphones and large capacity NVR storage device to monitor premises.
8.) Mostly new flat screen TV’s with remote
9.) New WiFi routers and boosters throughout bldg
10.) Wifi enabled remote relay system to monitor and control individual unit power consumption. Power can be turned on and off to individual circuits via remote access.
11.) New PEX hot and cold water feeds throughout complete bldg
12.) New Blown in insulation in attic
13.) LED lighting installed throughout
14.) LED exterior wall pack lights installed
15.) LED porch lights installed
16.) New bushes flower beds and mulch
17.) New septic field
18.) New septic tank access lids
Basically this place can run itself via technology and remote control without on site management.

Location

State MI

County Oakland

Area Groveland Twp

Zoning Multi-Family

Direction Off Dixie Hwy Between Buckell Lake Rd & Oakhill Rd

Interior

Hot Water LP Gas/Propane

Heating Hot Water

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Lighting

Pool No

Waterfront no

Roof Type Asphalt

Road Frontage Paved, Highway

Garage no

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Ranch

Level or Stories 1 Story

Structure Type Brick

Schools

School District Holly

Others

Pets Allowed Yes

Tax ID 0233102005

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Wilhelm & Associates
Bought with Real Broker LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 794-0004

shane@thesateam.com

130 W 5th Ave, Oak, MI, United States

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