51 Spokane Drive, Pontiac, MI 48341
Local realty services provided by:CENTURY 21 Curran & Oberski
51 Spokane Drive,Pontiac, MI 48341
$1,900,000
- - Beds
- 18 Baths
- 12,746 sq. ft.
- Multi-family
- Active
Listed by: james t silver
Office: keller williams somerset
MLS#:20261018060
Source:MI_REALCOMP
Price summary
- Price:$1,900,000
- Price per sq. ft.:$149.07
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. 16 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.
Current mortgage may be assumable for qualified buyers at 7.0% or less interest rate. 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....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:20261018060
- Added:1 day(s) ago
- Updated:April 04, 2026 at 10:02 AM
Rooms and interior
- Total bathrooms:18
- Full bathrooms:18
- Basement Description:Unfinished
- Living area:12,746 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1940
- Building area:12,746 sq. ft.
- Lot area:1.15 Acres
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:One
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$149.07
- Tax amount:$16,813
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