11
See all 11 photos
$250,000
Est. payment /mo
6 Baths
6,098 Sqft Lot
New
74 Newberry Street Pontiac, MI 48341
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261070496
HOA Y/N true
Year Built 1950
Annual Tax Amount $5,277
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 48X123
Source Realcomp
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.
Location
State MI
County Oakland
Zoning Multi-Family
Direction W huron St and S Telegraph RD
Interior
Heating Baseboard
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1430403018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Braven Enterprises LLC
NEARBY SCHOOL & BUSINESS