221 Baldwin Avenue, Pontiac, MI 48342 1301
221 Baldwin Avenue, Pontiac, MI 48342 1301
221 Baldwin Avenue, Pontiac, MI 48342 1301
221 Baldwin Avenue, Pontiac, MI 48342 1301
221 Baldwin Avenue, Pontiac, MI 48342 1301
221 Baldwin Avenue, Pontiac, MI 48342 1301
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 624,900
Est. payment | /mo

4 Baths

4,827 SqFt

Save
$ 624,900
Est. payment | /mo
Save

4 Baths

4,827 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,827 sqft

Price per Sqft $129

Subdivision Mi

MLS Listing ID 61026306

Style 2 Story

Full Baths 4

Year Built 1920

Annual Tax Amount $6,517

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 60 x 180

Property Sub-Type Multi-Family

Property Description

Fully Renovated Four-Unit Multifamily Investment Opportunity. This exceptional property has been completely renovated and features three 3- bedroom units and one spacious 4-bedroom unit., along with a separate house and vacant lot (Property ID# 1420335030, 1420335031). Major updates include brand-new mechanicals, electrical and plumbing providing a truly turnkey investment opportunity. All rental units are city certified. The property is already generating income, with one unit currently leased at $1,600/month and the house generating $1,700/month. Three additional units are currently vacant, offering significant immediate upside. Two of the vacant units have an estimated rental potential of approximately $1,600/months each, while the fourth unit has the potential to rent for approximately $1,800/month. At full occupancy, the projected gross monthly rental income is approximately $8,300, based on the stated rents. The property also offers plenty of on-site parking and is zoned R-3, making this an excellent opportunity for investors looking for a renovated multifamily property with strong income potential and room to increase cash flow.

Location

State MI

County Oakland

Area Pontiac (63142)

Rooms

Basement Block

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Pontiac City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by ICON Realty Experts, LLC
Nearby Locations
Shawn Murphy, GRI, SRES

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

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN 55432, USA

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221 Baldwin Avenue