74 Newberry Street, Pontiac, Michigan 48341
$240,000
Property Details
- MLS#: 20261070496
- Bedrooms: N/A
- Bathrooms: 6
- Square Feet: 2,775
- Price per Sqft: $86
- Lot Size: N/A
- Year Built: 1950
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 33
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
6-Unit Value-Add Investment Opportunity! Currently 1 units are occupied at $1,010/month, while 5 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
This property is located in Pontiac, Michigan. Pontiac is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 74 Newberry Street?
74 Newberry Street is listed at $240,000, or $86 per square foot.
How many bedrooms does 74 Newberry Street have?
This property has N/A bedrooms and 6 bathrooms, with 2,775 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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