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$ 624,900
Est. payment | /mo
4 Baths
6,098 Sqft Lot
$ 624,900
Est. payment | /mo
4 Baths
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261070039
Year Built 1920
Annual Tax Amount $6,517
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60 x 180
Source Realcomp
Property Description
Fully Renovated Four-Unit Multifamily Investment Opportunity. This exceptional property has been completely renovated and features three 3- bedroom units and one spacious 4-bedroom unit., along with a separate house and vacant lot (Property ID# 1420335030, 1420335031). Major updates include brand-new mechanicals, electrical and plumbing providing a truly turnkey investment opportunity. All rental units are city certified. The property is already generating income, with one unit currently leased at $1,600/month and the house generating $1,700/month. Three additional units are currently vacant, offering significant immediate upside. Two of the vacant units have an estimated rental potential of approximately $1,600/months each, while the fourth unit has the potential to rent for approximately $1,800/month. At full occupancy, the projected gross monthly rental income is approximately $8,300, based on the stated rents. The property also offers plenty of on-site parking and is zoned R-3, making this an excellent opportunity for investors looking for a renovated multifamily property with strong income potential and room to increase cash flow.
Location
State MI
County Oakland
Zoning Commercial,Multi-Family,R
Direction Just North of Huron on the West Side of Baldwin
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Roof Type Rubber
Building
Water Public
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1420335032
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by ICON Realty Experts, LLC
Schools and Properties Nearby