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Property profile & analytics
OFF-MARKET
Land

285 Madeleine Ln Waterford Township, MI 48328

Property ID
Property summary
AI-generated overview

This exceptional 5-lot residential development opportunity in desirable Waterford Township, Michigan, presents a unique investment prospect. Priced at $530,000, the property encompasses a total of 9,100 to 12,332 square feet of land, identified by APN numbers 13-27-227-003; 005; 007; 022; 023. Conveniently located at 285 Madeleine Ln, Waterford Township, MI 48328 (42.643971, -83.3689848), this development boasts significant progress: 70% of the project is already built and occupied. The remaining lots are fully prepared for immediate construction, featuring convenient access to city water and sewer lines. Each lot offers the option of a walkout or full basement, and complete design and engineering plans are readily available. The sandy soil composition simplifies construction. Utilities, including water, sewer, electricity, and communication lines, are conveniently located at the front of each lot. Individual lot sales are also considered. This is an exceptional opportunity to capitalize on a nearly completed development in a highly sought-after lakeside community. The R-1B zoning ensures a straightforward development process. Don't miss this chance to acquire a turnkey residential development project.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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