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Listed price in listed location currency (USD).
$250,000

060

MLS® 20261070496

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2775 sqft
Garage 
Taxes $5,278
Days Active 2
Lot Size 0.14 Acres
Approx. Age 1950
Avg. Price Per Sqft $90
MLS® Number 20261070496

Property Address: 74 Newberry St, Pontiac, MI, 48341-1138

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261070496
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
BasementPartial, Unfinished
Driveway
Garage Spaces
HeatBaseboard, Electric
A/C

Extras

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