Cash Flow Ready: 100% Occupied Multi-Family Building Sold in Walled Lake
P.A. Commercial is pleased to announce the successful sale of 1630 N Pontiac Trail in Walled Lake, Michigan—a 5,954-square-foot multi-family asset featuring nine fully occupied units and a strong investment profile.
Represented by Noor Kalasho, the seller achieved an excellent result, with the property closing for the full asking price of $1,100,000, after just 68 days on the market. The buyer discovered the listing on Crexi, one of the key online platforms where P.A. Commercial strategically markets its properties to maximize exposure and attract qualified buyers.
The property offered investors immediate cash flow, boasting a 5.56% cap rate and benefiting from each of the one-bedroom, one-bathroom units already being fully renovated in 2021. Situated on a large 0.33-acre lot, the site also presents future expansion potential—a major draw for the new owner.
Congratulations to Noor and all parties involved in this successful transaction!