98 S Edith Street
Pontiac, MI 48342

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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/monthTaxes - $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!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48342
• Year Built: 1930
• Subdivision/Neighborhood: Pontiac
• School District: Pontiac
• Basement: Yes
• Lot Size: 14810 sq ft lot
• Construction Materials: Brick
• Directions: West of Martin Luther King, North of Auburn
• Extras: Laundry Facility
• Gross Income: 122700
• Heat Source: Natural Gas
• Lot Size Area: 0.34
• Lot Size Square Feet: 14810.4
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Operating Expense: 23080
• Parcel Number: 1428481022
• Road Frontage: 125
• SEV: 129340
• Street Type: Paved
• Tax Annual Amount: 7307
• Tax Legal Description: T3N, R10E, SEC 28 CITIZEN'S DEVELOPMENT COMPANY'S ADDITION LOT 145 TO 147 INCL.
• Total Approx Sq Ft All Bldgs: 5000
• Total Num Units: 11
• Township: Pontiac