51 Spokane Dr - Apartments FOR SALE


Pontiac, MI 48341
$2,050,000 USD
248-563-7100
51 Spokane Dr, Pontiac, MI for Sale
$2,050,000 USD
Apartments - FOR SALE
1/68
null | 6.91% Cap Rate

51 Spokane Dr
Pontiac, MI 48341


OVERVIEW

Introducing an investment opportunity in the heart of Pontiac, MI. This renovated multifamily complex property contains 18 units, offering investors a prime income-generating asset. Built in 1940 and rejuvenated in 2024, this property combines vintage charm with modern functionality.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

18

PRICE/UNIT

$113,889

CAP RATE

6.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verzell Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

AI

APN/PARCEL ID

14-30-402-009

ASK ABOUT THIS PROPERTY

Tony FayneColliersMore Info
248-563-7100

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Tony FayneColliersMore Info
248-563-7100

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