One of a kind investment opportunity on a wooded 4.89 acre site! With 366 feet of frontage on Dixie Highway, the original plans were approved for 24 units. The current state of this development is as follows: 1 building, consisting of 4 - 1,200+ square foot units. The 2 septic tanks and 3 septic fields can accommodate 12 more units. There's a designated space for 2 more fields to accommodate the final 8 units. Gas and electric lines are already in place for all 24 units. Units are currently rented below market value. Each townhouse style unit has 2 bedrooms, 2.1 baths and a full private basement. New windows (except bays & bows). New roof approx. 10 years ago. Buyer's agent to verify all information.

  • MLS# 218104746
  • Sub-Type Resale
  • Status Active
  • Year 1987
  • Days On Site 45
SQ Feet 4,858
Units 4
Building(s) 1
Listing Provided By:
Ryan Millard  of  RE MAX Encore
Welcome to Groveland Townhouses!
4-Unit Income Property
Rear
Potential for 24 Units.
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Rear
2 Parking Spaces Per Unit
Rear
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Great Main Road Exposure
4.89 Acres
Space For Additional Buildings
Premium Investment Opportunity
this listing $489,900
826.09%
$52,900 in 48350
this listing 45 on site
56.31%
103 on site in 48350

Location

State MI
County Oakland
City Groveland Twp
Zip Code 48350
Area Groveland Twp

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