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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$624,900

Est. payment - /mo

4 Baths

4,827 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 4,827 sqft

Price per Sqft $129

Subdivision High Ridge Add

MLS Listing ID 20261070039

Style Colonial

Full Baths 4

Year Built 1920

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

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

Area Area02142Pontiac

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Exterior Feature Lighting

Parking Features Lighted, ParkingLot

Pool None

View Y/N No

Roof Type Rubber

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

New Construction No

Schools

School District Pontiac

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

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Listed by Yasmeen Denha of ICON Realty Experts, LLC

Nearby Locations

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Erin Raetz

+1(586) 996-8410

221 Baldwin AVE Pontiac, MI 48342

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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