50 Wayne St - Apartments FOR SALE


Pontiac, MI 48342- Pontiac Downtown
$1,780,000 USD
586-945-3424
50 Wayne St, Pontiac, MI for Sale
$1,780,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

50 Wayne St
Pontiac, MI 48342
Pontiac Downtown


OVERVIEW

*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.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

18

PRICE/UNIT

$98,889

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urbane on Wayne

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

ME

APN/PARCEL ID

14-29-433-003

ASK ABOUT THIS PROPERTY

Amer BallyICON Realty Experts, LLCMore Info
586-945-3424

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Amer BallyICON Realty Experts, LLCMore Info
586-945-3424

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