74 Newberry Street, Pontiac, Michigan 48341

$250,000

Property Details

MLS#: 20261070496
Bedrooms: N/A
Bathrooms: 6
Square Feet: 2,775
Price per Sqft: $90
Lot Size: 0.14 acres
Year Built: 1950
Property Type: ResidentialIncome
Status: Active
Days on Market: 3

Market Analysis

Comparable Properties Analyzed: 2

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.

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 $250,000, or $90 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.

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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