74 Newberry St, Pontiac, MI 48341
- $250,000
- 6
- BA
- 2,775
- SqFt
- List Price
- $250,000
- MLS#
- 20261070496
- Status
- ACTIVE
- Bathrooms
- 6
- Subdivision
- RECREATION PARK ADD
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.
Additional Information
- Year Built
- 1950
- Basement Type
- Partial, Unfinished
- Acres
- 0.14
- Style
- Tudor
- Acres
- 0.14
- School District
- Pontiac
- Heating
- Baseboard, Electric
Mortgage Calculator
Courtesy of Braven Enterprises LLC 2484575499
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