74 Newberry St, Pontiac, MI 48341

$250,000
: 6
BA
: 2,775
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $250,000
MLS#: 20261070496
Status: ACTIVE
Bathrooms: 6
Subdivision: RECREATION PARK ADD

New Search

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.

Search All Properties

Additional Information

Year Built: 1950
Basement Type: Partial, Unfinished
Acres: 0.14
Style: Tudor
Acres: 0.14
School District: Pontiac
Heating: Baseboard, Electric