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.
Listed By
Agency Name: ICON Realty Experts, LLC
Agency Phone: 2489859961
Shown By
Agent Name: Linda Strang
Agent Phone: (517) 546-5681
Agency Title: Griffith Realty
Estimated Payment
$ 2,116.10 per month $1,390.76 Principal & Interest $543.08 Property Tax $182.26 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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221 Baldwin Avenue | MLS# 20261070039
This multi-family property located at 221 Baldwin Avenue , Pontiac, Mi 48342 is currently listed for sale with an asking price of $624,900. Baldwin Avenue is located within the Pontiac school district. Search Pontiac real estate on lastrang.griffithrealty.com today.