REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 624,900
Est. payment /mo
Active
221 Baldwin Avenue Pontiac, MI 48342 1301
4 Baths
4,827 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,827 sqft
Price per Sqft $129
Subdivision Mi
MLS Listing ID 61026306
Style 2 Story
Full Baths 4
Year Built 1920
Annual Tax Amount $6,517
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60 x 180
Property Sub-Type Multi-Family
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, another unit at $1850 and the house generating $1,700/month. Two additional units are currently vacant, offering significant immediate upside. One of the vacant units have an estimated rental potential of approximately $1,600/month, 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
Area Pontiac (63142)
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Pontiac City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by ICON Realty Experts, LLC
Nearby Locations