NEW! Buy and sell safely with virtual options - Learn More
About the Listing 067128 - 067128
Investment property with estimated $400,000+ profit potential. R-3 Zoning would allow for Four (4) waterfront new home sites in this prime time community. The McMansion at 5011 square feet Could be a profitable vacation rental as 1 or 2 units with approval of the Township. The numbers here are of potential corporate rent $7,500 for executive transfers into the metropolitan Detroit area, plus detached 3 car 1,000 sq ft garage to a local car collector. There are 2 recent surveys on the existing two (2) tax items. Profit potential is based upon combining both tax parcels into a request for splitting into five (5) tax items. One would continue as the 5011 square foot house, a second would include the detached 1000 square foot detached garage as a new home site, the balance ov vacant land petitioned into three (3) buildable sites. City water is installed in the house and is available across the street to the second tax item. Public sewer is within 500 feet of the vacant parcel and conveniently downhill. Investors are looking at this in multiple ways, the simplest profit plan maybe to purchase the large house, do a little upgrade and staging and sell for a minor profit. Before resale split the tax parcels into valuable Oakland County waterfront home sites. The owner is offering sellar financing on both or either tax parcels. Purchaser may want to consider buying the house with an option on the vacant land thus granting enough time for necessary municipal approvals. Note almost 500 feet of waterfront development land in Lake Orion School District!
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Radiant,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5011
- Basement: Basement
- Other: 3 Story,Forced Air,Radiant
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 493x268x458x145
- Zoning: Residential
- Roof:
- Others: Whole House Generator,Gazebo,Brick,Brick Veneer,Class A,Private
- Sewer: Sewer at Street
Financial Details
- Tax Amount: $9,100
- Taxes w/Assessments: N/A
- Tax/Property ID: 0920151057
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2440 , 2480, 2400 S Baldwin Rd Orion Twp, MI 48360
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
