11
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$250,000
6 Baths
2,775 SqFt
New
74 Newberry ST Pontiac, MI 48341
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,775 sqft
Subdivision Recreation Park Add
MLS Listing ID 20261070496
Style Tudor
Full Baths 6
Year Built 1950
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
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.
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.
Location
State MI
County Oakland
Area Area02142Pontiac
Rooms
Basement Partial, Unfinished
Interior
Heating Baseboard, Electric
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
Architectural Style Tudor
New Construction No
Schools
School District Pontiac
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Listed by Najuka Sakpal of Braven Enterprises LLC
NEARBY SCHOOL & BUSINESS
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