$310,000
$319,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
98 S EDITH Street Pontiac, MI 48342
6 Beds
4,804 SqFt
Key Details
Sold Price $310,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 4,804 sqft
Price per Sqft $64
Subdivision Citizen'S Development Co Add
MLS Listing ID 2210029039
Sold Date 05/21/21
Bedrooms 6
Originating Board Realcomp II Ltd
Year Built 1930
Annual Tax Amount $5,176
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 135x120
Property Description
Great investment opportunity! 10 Unit brick apartment building in good location, always full ....6 one bedroom units at $495 mo. and 4 studios at $450 mo. (rents could be higher). Tremendous return on investment in 15% range! Great set up with 10 separate gas and electric meters. Large lot with plenty of parking. All units in average condition with some wear and tear, most have hardwood floors and some ceramic tile. Most windows are updated to vinyl. All plumbing and electrical updated 10 years ago. Efficient hot water heat, 4 of them replaced about 4 yrs ago. One unit being remodeled currently will be occupied by closing. Large triple lot ! Well kept exterior and neighbors.
Location
State MI
County Oakland
Area Pontiac
Zoning Commercial,Multiple,Residential
Direction west on Auburn Rd off Opdyke to north on Edith
Interior
Hot Water Natural Gas
Heating Hot Water
Heat Source Natural Gas
Exterior
Roof Type Rubber
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1428481022
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2005
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Community Choice Realty Inc