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About the Listing 433390 - 316694,393363
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.
Listing Highlights
Interior Details
- Bedrooms: 13
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4827
- Below Ground Sq Ft: 2191
- Basement: Unfinished
- Other: 2 Story,Forced Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 60 x 180
- Zoning: Commercial,Multi-Family,Residential
- Roof: Rubber
- Others: Lighting,Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Lighted
Financial Details
- Tax Amount: $6,517
- Taxes w/Assessments: N/A
- Tax/Property ID: 1420335032
- Tax Year: N/A
Payment Calculator
Monthly Payment
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221 Baldwin Ave Pontiac, MI 48342
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