221 Baldwin Ave, Pontiac, MI 48342
- $624,900
- 4
- BA
- 4,827
- SqFt
- List Price
- $624,900
- MLS#
- 20261070039
- Status
- ACTIVE
- Bathrooms
- 4
- 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 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.
Additional Information
- Year Built
- 1920
- Basement Type
- Unfinished
- Acres
- 0.14
- Style
- Colonial
- Acres
- 0.14
- School District
- Pontiac
- Cooling
- Central Air
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Lighting
- Garage Description
- Lighted, Parking Lot
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Courtesy of ICON Realty Experts, LLC 2489859961