98 Edith Street, Pontiac, Michigan 48342
$825,000
Property Details
- MLS#: 20261009434
- Bedrooms: N/A
- Bathrooms: 11
- Square Feet: 6,300
- Price per Sqft: $131
- Lot Size: 0.34 acres
- Year Built: 1930
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 9
Description
Great investment property in a highly profitable area! This 11-unit apartment building just had renovations finished last week. 10 out of the 11 units were fully renovated including; new flooring, kitchens, bathrooms, and wall furnaces. The building has brand new PEX plumbing throughout, updated breaker boxes, and the roof was just recoated in the fall. There are laundry hook-ups on site with the potential for coin laundry. All units have separate gas and electric meters. The one un-renovated unit has a long term section 8 tenant in place paying $975/month.
Total Market Rent- $10,225 (One beds $975, Studios $875)
Utilities not paid by tenants - $740-840/month
Insurance - $525/month
Taxes - $7,300/year
This building just needs a new owner ready to place tenants and bring in all the cash flow. Reach out before it's gone!
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 98 Edith Street?
98 Edith Street is listed at $825,000, or $131 per square foot.
How many bedrooms does 98 Edith Street have?
This property has N/A bedrooms and 11 bathrooms, with 6,300 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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