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98 S Edith Street Pontiac, MI 48342
4,804 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,804 sqft
Price per Sqft $145
Subdivision Mi
MLS Listing ID 60969429
Annual Tax Amount $7,307
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 125x120
Property Sub-Type Commercial/Industrial
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/month Taxes - $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 Pontiac (63142)
Zoning Multi-Family
Building
Foundation Basement
Water Other-See Remarks
Structure Type Brick
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Paint Creek