ERIC SZERLAGSenior Assoc ia teeszer lag@thomasduke.com

EXCLUSIVELY LISTED BY:

61661 W. 11 MILE ROADFOR SALE

6 1 6 6 1 W. 11 M I L E R O A D , S O U T H LY O N , M I 4 8 1 7 8

E X E C U T I V E S U M M A R Y : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 2

PROPERTY OVERVIEW

A 9 unit apartment complex on 11 Mile Road in South Lyon, one of the fastest growingcommunities in Southeastern Michigan.

PROPERTY HIGHLIGHTS

• Rare opportunity in Western Oakland County.

• Room for expansion.

• Roof replaced in 2013.

• Parking lot resurfaced in 2011.

OFFERING SUMMARY

Sale Price: PRICE REDUCED.Was: $550,000.00Now: $499,000.00

Location: 11 Mile Road, just westof Pontiac Trail.

Number Of Units: 9 Units(7 - 1 Bedroom and

2 - 2 Bedroom)

APN: 21-19-201-005

Year Built: 1967

Zoning: RM-1 Multi FamilyResidential

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 3

PROPERTY NAME: 61661 W. 11 Mile Road

PROPERTY ADDRESS: 61661 W. 11 Mile RoadSouth Lyon, Michigan

APN: 21-19-201-005

ZONING: RM-1 Multi Family Residential

TAXES (2017): $9,632.31

PARKING SPACES: 25 spaces

YEAR BUILT: 1967

NUMBER OF STORIES: 2

NUMBER OF UNITS: 9 (7 - 1 Bedroom / 2 - 2 Bedroom)

SURROUNDING BUSINESSES: South Lyon High School, Gateway Commons Retail Center including Rite-Aid and Comerica Bank.Close proximity to Downtown South Lyon.

LEGAL DESCRIPTION: T1N, R7E, SEC 19 PART OF NE 1/4 BEG AT PT DIST N 89-27-47 W 1324.70 FT FROM NE SECCOR, TH N 89-27-47 W 254.40 FT, TH S 00-39-23 W 314.50 FT, TH S 89-27-47 E 254.40 FT, TH N00-39-23 E 314.50 FT TO BEG 1.84 A 10-28-87 ANNEXED FROM TWP

UTILITIES DESCRIPTION: Well Water & Sanitary Sewer

OCCUPANCY % 100%

TRAFFIC COUNTS: Lafayette = 17,398(Source: COSTAR 2015 Counts)

ADDITIONAL COMMENTS: Landlord pays heat and water. Tenant pays electric.

P R O P E R T Y D E TA I L S : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 4

A D D I T I O N A L P H O T O S : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 5

I N T E R I O R P H O T O S : 61661 W. 11 Mile Road | South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 6

I N T E R I O R P H O T O S : 61661 W. 11 Mile Road | South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 7

R E N T R O L L : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 8

I N C O M E & E X P E N S E S : 61661 W. 11 Mile Road | South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 9

R E TA I L E R M A P : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 10

L O C AT I O N M A P S : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI 48178

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 11

* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 7,480 31,064 46,237MEDIAN AGE 36.4 36.8 38.5MEDIAN AGE (MALE) 34.5 35.5 37.8MEDIAN AGE (FEMALE) 38.3 38.1 39.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 3,043 11,700 17,262# OF PERSONS PER HH 2.5 2.7 2.7AVERAGE HH INCOME $68,713 $79,807 $84,529AVERAGE HOUSE VALUE $215,206 $257,335 $278,217

D E M O G R A P H I C S M A P : 61661 W. 11 Mile Road | 61661 W. 11 Mile Road, South Lyon, MI 48178