74 Newberry ST, Pontiac, MI 48341
74 Newberry ST, Pontiac, MI 48341
74 Newberry ST, Pontiac, MI 48341
74 Newberry ST, Pontiac, MI 48341
74 Newberry ST, Pontiac, MI 48341
74 Newberry ST, Pontiac, MI 48341
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$ 250,000

6 Baths

2,775 SqFt


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$ 250,000
Save

6 Baths

2,775 SqFt

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.

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

Realcomp MLS
Listed by Najuka Sakpal of Braven Enterprises LLC
John Patrick McCabe

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 801-6090

johnpatrick.mccabe11@gmail.com

306 S Washington Ave, Royal Oak, MI 48067, USA

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74 Newberry ST