5826 ANDERSONVILLE Road, Waterford, MI 48329
MULTI_FAMILY - Colonial - Waterford Twp, MI
- Added:
- Nov 18, 2024
- Days on Market:
- 574
- Last Refresh:
- Jun 15 at 2:06 pm
Property Features for 5826 ANDERSONVILLE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family,Office,Resid
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Parking
- 3
- Pets allowed
- Cats OK, Dogs OK
- Standard status
- Active
- APN
- 1304104013
- Size
- 2,252 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- T3N, R9E, SEC 4 SOUTHWESTERN ADD NELY 17 FT OF LOT 16 & SWLY 22.5 FT OF LOT 17
- Tax Annual Amount
- 7245
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick, Wood
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing agent Lance Shamoo License #6501409601 (248) 242-7282
Listing office Coldwell Banker Metro Real Estate 1362 W Huron St, Commerce, MI (248) 242-7282
Listing date Nov 18, 2024
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multi‑family home on private all‑sports Van Norman Lake
- Includes 5 bedrooms and 3 full bathrooms, plus 2 fireplaces and a business office with a small art gallery
- 200 SF furnished cottage included, featuring a natural fireplace
- 32‑foot custom‑built Mississippi River paddle boat included with a custom dock
- Colonial‑style construction with brick and wood exterior materials; forced‑air heating; asphalt roof
Overview
The property sits on a private all-sports Van Norman Lake setting, with the compound oriented toward the water. The offering also includes a 200-square-foot furnished cottage with a natural fireplace. In keeping with the waterfront experience, the package further includes a 32-foot custom-built Mississippi River paddle boat and a custom dock.
For tenants, buyers, or operators seeking a rental configuration that includes both residential rooms and a dedicated office/art gallery space, this setup provides flexibility under the existing licensed rental structure. The additional furnished cottage can support supplemental use within the same ownership and offers an extra option beyond the main home, while the included docked boat adds a unique amenity tied directly to the property’s lake setting.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $19.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $42.6k | $18.91 |
| − OpEx | −$12.8k | −$5.67 |
| NOI | $29.8k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.403872
- Latitude
- 42.702016
