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$ 700,000
Est. payment /mo
Price Dropped by $125K
98 S Edith Street Pontiac, MI 48342
11 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $140
Subdivision Mi
MLS Listing ID 60969809
Style 2 Story
Full Baths 11
Year Built 1930
Annual Tax Amount $7,307
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 125x120
Property Sub-Type Multi-Family
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
Rooms
Basement Block, Partially Finished
Interior
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Structure Type Brick
Schools
School District Pontiac City School District
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