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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 624,900

Est. payment | -/mo

4 Baths

6,098 Sqft Lot

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$ 624,900

Est. payment | -/mo

Save

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

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI 49341, United States

221 Baldwin Avenue Pontiac, MI 48342

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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221 Baldwin Avenue