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  • Photo 1 of 221 Baldwin Avenue

221 Baldwin Avenue

Pontiac, Oakland County

$624,900

4 baths · 4,827 sq ft · Multi-family

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  • 221 Baldwin Avenue
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Year built
1920
Lot
0.14 acres
Annual taxes
$6,517
Garage
0 cars
Days on market
72
MLS number
20261070039
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Fully Renovated Four-Unit Multifamily Investment Opportunity. This exceptional property has been completely renovated and features three 3- bedroom units and one spacious 4-bedroom unit., along with a separate house and vacant lot (Property ID# 1420335030, 1420335031). Major updates include brand-new mechanicals, electrical and plumbing providing a truly turnkey investment opportunity. All rental units are city certified. The property is already generating income, with one unit currently leased at $1,600/month, another unit at $1850 and the house generating $1,700/month. Two additional units are currently vacant, offering significant immediate upside. One of the vacant units have an estimated rental potential of approximately $1,600/month, while the fourth unit has the potential to rent for approximately $1,800/month. At full occupancy, the projected gross monthly rental income is approximately $8,300, based on the stated rents. The property also offers plenty of on-site parking and is zoned R-3, making this an excellent opportunity for investors looking for a renovated multifamily property with strong income potential and room to increase cash flow.

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Realcomp IDX

Listing courtesy of ICON Realty Experts, LLC · (248) 985-9961

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