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Lake Orion Vlg,MI 48359
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 891 sqft
Price per Sqft $162
Subdivision Suprvrs 5 - Orion Township
MLS Listing ID 20251029417
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1940
Annual Tax Amount $2,825
Lot Size 0.470 Acres
Property Sub-Type Ranch
Property Description
Great Investment Opportunity in Orion Township within Lake Orion Community School District! Half acre wooded lot in the heart of Orion Townships within walking distance to shopping, restaurants, parks, & more! Property was occupied by long terms tenants & is in need to some updates to bring it back to its full value! Lake Orion's housing market & rental income potential ensure this property will produce a high ROI. Currently a 2 bedroom/1 bath but could easily convert the dining room into a 3rd bedroom to fit your needs or increase re-sale value!
Owner would consider Land Contract offers as well.
Property can remain SFR or Brown Road Innovation District unique zoning would allow property to be Multi-Family; Commercial; Regional Commercial. See documents for more information on zoning potential including outdoor storage!! Potential for future re-sale under Commercial rates make even the land itself worth the investment! BATCAI.
Location
State MI
County Oakland
Area Orion Twp
Rooms
Kitchen None (Appliances)
Interior
Heating Forced Air
Exterior
Exterior Feature Fenced
Parking Features Side Entrance,Electricity,Door Opener,Detached,Garage Faces Front,Oversized
Garage Description 2 Car
Fence Back Yard
Building
Foundation Crawl,Basement,Michigan Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Wood
Schools
School District Lake Orion
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20251029417