221 Baldwin Avenue, Pontiac, Michigan 48342

$624,900

Property Details

MLS#: 20261070039
Bedrooms: N/A
Bathrooms: 4
Square Feet: 4,827
Price per Sqft: $129
Lot Size: 0.14 acres
Year Built: 1920
Property Type: ResidentialIncome
Status: Active
Days on Market: 4

Market Analysis

Estimated Value (CMA): $622,683
Area Avg Price/Sqft: $78
This Property: $129/sqft ($51 above area average)
Price Position: +66.0% vs comparable homes
Comparable Properties Analyzed: 3

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.

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 221 Baldwin Avenue?

221 Baldwin Avenue is listed at $624,900, or $129 per square foot.

How many bedrooms does 221 Baldwin Avenue have?

This property has N/A bedrooms and 4 bathrooms, with 4,827 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) 484-4696

Email: info@sonicrealty.com

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