51 Spokane, Pontiac, MI 48341
Local realty services provided by:CENTURY 21 Realty North
51 Spokane,Pontiac, MI 48341
$1,900,000
- - Beds
- 18 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: james silver
Office: keller williams somerset
MLS#:60980911
Source:MI_REALSOURCE
Price summary
- Price:$1,900,000
About this home
Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent. Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters - ideal for efficient management and expense control. Each unit offers a private entrance and basement. Extensive updates throughout: 9 units have been fully renovated within the last 4 years, and 16 bathrooms have been completely updated. A new roof was installed across the entire complex in 2024 with a 20-year transferable warranty. Additional improvements include new concrete walkways in the courtyard, cultured stone on 9 porches, newly shingled porch overhangs, updated front exterior doors, glass block windows in every unit, newer gutters, trim, and exterior security lighting. The west side of the building also features a newer asphalt parking lot. 12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience. Please do NOT approach property or tenants without a confirmed showing appointment. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy....
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Home facts
- Year built:1940
- Listing ID #:60980911
- Added:49 day(s) ago
- Updated:May 23, 2026 at 10:25 AM
Rooms and interior
- Total bathrooms:18
- Full bathrooms:18
- Basement Description:Block
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1940
- Lot area:1.15 Acres
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:1 Story
Utilities
- Water:Public Water
Finances and disclosures
- Price:$1,900,000
- Tax amount:$16,813
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