74 Newberry Street, Pontiac, MI 48341

$250,000
6
BA
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List Price
$250,000
Days on Market
9
MLS#
20261070496
Status
ACTIVE
Type
Multifamily
Bathrooms
6
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(616) 439-1190

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.

(616) 439-1190
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Additional Information

Taxes
$5,277
Acres
0.14
Association Amenities
Pets Allowed
Heating
Baseboard
School District
Pontiac
Water
Public
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Najuka Sakpal from Listing Office: Braven Enterprises LLC.

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