406 Beds
99 Baths
318,468 SqFt
406 Beds
99 Baths
318,468 SqFt
Key Details
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Active
Purchase Type For Sale
Square Footage 318,468 sqft
Price per Sqft $80
MLS Listing ID 20250037619
Style Common Entry Building
Bedrooms 406
Full Baths 99
Year Built 1974
Annual Tax Amount $724,411
Lot Size 24.990 Acres
Acres 24.99
Lot Dimensions 1130 x 1264
Property Sub-Type Common Entry Building
Source Realcomp II Ltd
Property Description
Waterford Square is a 406-Unit multifamily community located in one of a prime geographic area within Oakland County, Michigan. Originally constructed in 1973 and rejuvenated in 2012, the property is comprised of thirteen (13) residential buildings, offering a balanced mix of one- and two-bedroom floor plans. Waterford Square is currently 71.67% physically occupied and 80% leased. Nearly $500,000 has been invested or is scheduled to be expended on property improvements since the start of the receivership. The Property received substantial upgrades in the 4th quarter of 2024 and 2025 year-to-date, including five (5) hot water tank or boiler replacements, dozens of units brought to occupancy ready condition, several trees removed and other renovations/improvements. Ideally located in the Township of Waterford, the property is situated near robust job centers all throughout southeastern Michigan. Additionally, the property is near a wide variety of recreational, educational, and retail destinations. Onsite amenities include a swimming pool, fitness center, a spa, and a volleyball court. Bidding requirements can be provided upon request.
The property will be sold “as is”. Please refer to the enclosed Bidding Requirements and Auction Rules.
Location
State MI
County Oakland
Area Waterford Twp
Zoning Multi-Family
Direction South off of Pontiac Lake Road, West of Scott Lake Road
Interior
Interior Features Smoke Alarm, Carbon Monoxide Alarm(s)
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved
Garage no
Private Pool 1
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Common Entry Building
Level or Stories 3 Story
Structure Type Brick,Vinyl
Schools
School District Waterford
Others
Pets Allowed Yes
Tax ID 1323401007
Ownership Short Sale - No,Private Owned
Assessment Amount $266,952
Acceptable Financing Cash, Auction
Rebuilt Year 2012
Listing Terms Cash, Auction
Financing Cash,Auction
42949 W Seven Mile Rd, Northville, MI, 48167, United States