Contacts

Noor Kalasho

P.A. Commercial

Property Details

Property Type Multi-Family
Property Size 5,954 SF
Units 9
Lot Size 0.93 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 12
Property Tenancy Multi-Tenant
Year Built 1962
Year Renovated 2021
Date Updated Jan 3, 2025

This multifamily property is situated along N Pontiac Trail in Walled Lake, Michigan. This prime location with excellent demographics is a popular destination for recreational activities, including boating, fishing, and swimming. The city has parks and facilities that provide residents and visitors with opportunities for outdoor enjoyment. Many amenities surround his property including restaurants, shopping, business services, and major roadways.This nine-unit multifamily property is located on the high-visibility corner of Walled Lake, a lively community in high demand for rental properties. This well-maintained property features one-bedroom/one-bathroom units, providing a great opportunity for rental income. Additionally, the sale includes the land next to the property, offering potential for expansion or development. With its prime location and included land, this multifamily property presents a unique investment opportunity in a desirable area.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

Nine-unit low-rise apartment building
100% Occupied / 6.51% Cap Rate
Large lot allows room for expansion - additional 0.33 acres is included in the sale
High-demand area for rental properties with excellent demographics
$94,648 Average HH income within 3 miles
Corner location between two popular all-sports lakes
Many neighborhood amenities nearby

Attachments

Brochure (PDF) opens in new window

Getting around

38/100
Walk Score ®
39/100
Bike Score ®

Powered by Walk Score ®

City Walled Lake, MI
Zip Code 48390
Market Detroit

Points of Interest

Citgo

0.09 miles
Mobil

0.48 miles
Marathon

0.53 miles
Sunoco

0.91 miles
Wow!

0.96 miles
Costco Gasoline

1.39 miles
Meijer

1.51 miles
ChargePoint

2.11 miles
Enel X

5.77 miles
Tesla Supercharger

7.74 miles

Michigan Air Line Trailhead Parking Lot

0.76 miles
Trailhead Parking for WBT & MALT Trails

1.56 miles
Real Green Systems

1.98 miles
ShearWater Trailhead Parking Lot for M.A.L.T.

2.32 miles
MTB Trailhead Parking

2.64 miles
Lakeshore Park Skills Area Parking Lot

3.12 miles
North Parking Lot

3.31 miles
Wixom Habitat Parking

3.55 miles
MDOT Public Carpool Parking

4.27 miles
Trailhead

4.68 miles

TownePlace Suites Detroit Commerce

1.71 miles
Hampton Inn Detroit-Novi

1.76 miles
The Baronette Renaissance Detroit-Novi Hotel

3.66 miles
Holiday Inn Express & Suites

3.81 miles
Residence Inn Detroit Novi

3.86 miles
Four Points by Sheraton Detroit Novi

4.06 miles
Hyatt Place Detroit/Novi

4.29 miles
DoubleTree by Hilton Hotel Detroit - Novi

4.30 miles
Homewood Suites by Hilton Novi Detroit

4.45 miles
TownePlace Suites Detroit Novi

4.48 miles

Save-A-Lot

0.74 miles
Zerbo's Market & Bistro

1.17 miles
Meijer

1.36 miles
ALDI

1.59 miles
Walmart Supercenter

1.60 miles
Target

1.63 miles
Kroger

1.95 miles
Ishtar Ethnic Food

2.08 miles
Rent-a-Center

2.87 miles
Marshalls

3.64 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1630 N Pontiac Trl