Golf Course
Address
1215 Stoney Creek Road Oakland Twp, MI
Price
$ 1,795,000
Property Attributes
  • ID#2210055787
  • TypeLand
  • CountyOAKLAND
  • CityOakland Twp
  • AreaOakland Twp
  • Zip48363
  • StyleVacant Land
  • Taxes$ 8952
  • Price$ 1,795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size39.95 Acres
Listing Provided Courtesy Of:
Century 21 Sakmar & Associates
Data Source:
RealComp - 83 - MI
Property Description

Exceptional 40 acre development site, with multiple walkout elevations and desirable pond sites in sought after Rochester School District on paved Stoney Creek Road. Natural gas at road. Across from new subdivision development. Myth Golf Course is just across the road. Township density for this property is 1.4-acre low residential density which adds great development potential. Currently has a 3 bed, 1.5 bath home on the property vacant with tenants. Rented for $2,000 per month and tenants can stay or leave with 30 day notice. Also has a 5 year renewable lease from Verizon, for $1,700 per month providing a continuous cash flow (value with a cap rate of 6% is $283,000). Rare investment opportunity for development, short term residential lease and long-term cash flow from Verizon lease. Both leases provide owner with $44,000 per year. Unlimited options!

Price History
7/14/2021 Listed $1,795,000

General Features

Cumulative Days on Market 137
Listing Agent Public Id 333665
Ownership Status Private Owned, Short Sale - No
Parcel Number 1016200002
Possession At Close
Property Type Vacant Land
School District Rochester
Sewer Septic-Existing
Short Sale No
Status Active
Terms Offered Cash, Conventional
Transaction Type Sale
Zoning Residential

Exterior Features

Frontage Feet 623
Lot Size Area 39.95
Lot Size Dimensions 623x2773x623x2814
Water Source Well-Existing

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via eXp Realty in Michigan and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of December 4, 2021 11:27 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Land Average in 48363

Price
AVG $730K
$1.8M
Taxes
AVG $3,429
$8,952
Visits
AVG 138
173