285 Madeleine Ln Waterford Township, MI 48328
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.