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$ 700,000
Est. payment /mo
Active
98 S Edith Street Pontiac, MI 48342
4,804 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,804 sqft
Price per Sqft $145
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261008827
Year Built 1930
Annual Tax Amount $7,307
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 125x120
Source Realcomp
Property Description
Great investment property in a highly profitable area! This 11-unit apartment building just had renovations finished last week. 10 out of the 11 units were fully renovated including; new flooring, kitchens, bathrooms, and wall furnaces. The building has brand new PEX plumbing throughout, updated breaker boxes, and the roof was just recoated in the fall. There are laundry hook-ups on site with the potential for coin laundry. All units have separate gas and electric meters. The one un-renovated unit has a long term section 8 tenant in place paying $975/month. Total Market Rent- $10,225 (One beds $975, Studios $875)Utilities not paid by tenants - $740-840/month Insurance - $525/monthTaxes - $7,300/year This building just needs a new owner ready to place tenants and bring in all the cash flow. Reach out before it's gone!
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction West of Martin Luther King, North of Auburn
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Block
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1428481022
Listed by Keller Williams Paint Creek
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