50 Wayne Street
Pontiac, MI 48342

Tools & Resources:

Description

*MOTIVATED SELLER* Welcome to your next generational wealth builder. Located in the heart of downtown Pontiac, this impressive 38-unit apartment building is ready for transformation. With fully approved plans and all city and building permits in place, you can close and begin interior work immediately. The project includes $1.9 million in approved grants to significantly reduce your out-of-pocket costs and allow you to reinvest directly into the renovation and future tenants. A rare opportunity in a rapidly growing market. Schedule your showing today. All showings will be held only with appointments, or our open houses/building tours.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48342
• Year Built: 1920
• Subdivision/Neighborhood: Pontiac
• School District: Pontiac
• Basement: Yes
• Association: Yes
• Association Amenities: Pets Allowed
• Directions: Once you get into the city of pontiac - turn onto Wayne St
• Gross Income: 342000
• Heat Source: Natural Gas
• Heating: Baseboard
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Parcel Number: OR19100013
• SEV: 76520
• Street Type: Paved
• Tax Annual Amount: 1473
• Tax Legal Description: PA 146 OF 2000, CERTIFICATE #3-19-0013, 12/31/19 - 12/30/31, REFERENCE #14-29-433-003, 50 WAYNE ST
• Total Approx Sq Ft All Bldgs: 26880
• Total Num Units: 38
• Township: Pontiac
• Water Source: Public