This exquisite 5-unit multi-family property in Waterford is perfect for those seeking passive income! Located near beautiful lakes and within the heart of Waterford, the property provides a serene and convenient living environment. A spacious parking lot in the rear ensures ample parking for residents. The basement units are equipped with egress windows, adding an extra level of safety. All units are currently vacant, making this property ideal for investors seeking immediate occupancy or renovation opportunities. With its' prime location and significant potential, this property is a standout investment opportunity. Don't miss your chance to enhance your portfolio with this gem in Waterford.
The median home value in Waterford, MI is $275,000. This is lower than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Waterford, MI is $275,000. Approximately 69.71% of Waterford homes are owned, compared to 24.84% rented, while 5.45% are vacant. Waterford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Waterford real estate agent to arrange a tour today!
Waterford, Michigan has a population of 73,111. Waterford is less family-centric than the surrounding county with 27.65% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Waterford, Michigan is $68,279. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Waterford is 42.3 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.17 inches per year, with 38.13 inches of snow per year.