221 Baldwin Avenue, Pontiac, MI 48342 1301
- $624,900
- 4
- BA
- 4,827
- SqFt
- List Price
- $624,900
- Status
- ACTIVE
- MLS#
- 61026306
- Days on Market
- 27
- Style
- Colonial
- Year Built
- 1920
- Bathrooms
- 4
- Acres
- 0.14
- Living Area
- 4,827
- Municipality
- Pontiac
- Region
- Pontiac
- Township
- Pontiac
- Subdivision
- High Ridge Add
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, another unit at $1850 and the house generating $1,700/month. Two additional units are currently vacant, offering significant immediate upside. One of the vacant units have an estimated rental potential of approximately $1,600/month, 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.
Additional Information
- Lot Dimensions
- 60 x 180
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Basement Description
- Block
- Appliances
- Gas Water Heater
- Foundation
- Basement
- Water
- Public
- School District
- Pontiac City School District
Mortgage Calculator
Listing Courtesy of ICON Realty Experts, LLC, Office Phone: 248-985-9961
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.