25 Maynard Ct - Apartments FOR SALE


Pontiac, MI 48342
$1,950,000 USD
248-255-2475
25 Maynard Ct, Pontiac, MI for Sale
$1,950,000 USD
Apartments - FOR SALE
1/22
null | 9.31% Cap Rate

25 Maynard Ct
Pontiac, MI 48342


OVERVIEW

Turnkey 100% Occupied Multi-Family Investment. This City Rental Certified property features an exceptional operational setup with individually metered utilities and dedicated natural gas furnaces for each unit delivering maximum efficiency and long term expense control. Each apartment offers a highly desirable townhouse-style layout with private entrances, private basements, individual egress, dedicated HVAC, laundry areas, and balconies that attract quality tenants and support strong leasing performance. Extensive improvements have been completed, including new roof in 2026 and freshly shingled porch overhangs. The property has been fully stabilized through strategic, proactive management. It is currently operating at 100% occupancy under government-backed housing programs, generating $227,100 in annual income, with significant built-in upside available through the completion of the remaining 4-bedroom unit build-outs. Located just 3 minutes from Downtown Pontiac and 9 minutes from Oakland University, the property is supported by a strong, diversified employment base spanning automotive, manufacturing, healthcare, logistics, and more.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

12

PRICE/UNIT

$162,500

CAP RATE

9.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maynard Court Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

RI

APN/PARCEL ID

14-28-181-001

ASK ABOUT THIS PROPERTY

Vince JarboPremier Realty Services LLCMore Info
248-255-2475

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Vince JarboPremier Realty Services LLCMore Info
248-255-2475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.