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: N/A
  • Year Built: 1920
  • Property Type: ResidentialIncome
  • Transaction: For Sale
  • Listing Status: Active
  • Days on Market: 31

Tax and Assessment Information

Tax and assessment information is unavailable.

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, another unit at $1850 and the house generating $1,700/month. Two additional units are currently vacant, offering significant immediate upside. One of the vacant units have an estimated rental potential of approximately $1,600/month, 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.

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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