BEDS0
BATHS6 full
SQUARE FEET2,775
MLS#20261070496
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONR E C R E A T I O N P A R K A D D
SCHOOLPontiac
Property Description
6-Unit Value-Add Investment Opportunity! Currently 2 units are occupied at $1,010/month each, while 4 units are vacant and offer significant upside through lease-up and improvements. The property consists of 4 one-bedroom units, 1 two-bedroom unit, and 1 studio. Potential rents are approximately $1,010/month for each 1-bedroom, $1,200/month for the 2-bedroom, and $600/month for the studio, providing potential gross rental income of approximately $6,040/month ($72,480 annually) when fully leased. Great opportunity for an investor to renovate, stabilize occupancy, increase NOI, and build equity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial, Unfinished
Basement: Yes
Heating: Baseboard, Electric
Home Style: Tudor
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $5,277
Year Built: 1950
Feature Descriptions
Days on Site: 4
Exterior: Brick
Lot Dimensions: 48X123
Parcel#: 1430403018
Pets Allowed: Yes
Sewer: Public Sewer
Summer Tax: 5129.87
Units: 6
Water: Public
Winter Tax: 148
Local Schools
School District: Pontiac
Listed By / Shown By
Listed By
Agency Name: Braven Enterprises LLC
Agency Phone: 2484575499
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimate Your Payment
Estimated Payment
$ 1,069.06 per month $556.39 Principal & Interest $439.75 Property Tax $72.92 Homeowner's Insurance
74 Newberry Street | MLS# 20261070496
This multi-family property located at 74 Newberry Street , Pontiac, Mi 48341 is currently listed for sale with an asking price of $250,000. Newberry Street is located within the Pontiac school district. Search Pontiac real estate on www.griffithrealty.com today.