Turnkey 11-Unit Multifamily | 90% Vacant & Newly Renovated | High-Yield Potential

Description:

98 S Edith St. Pontiac, MI 48342


Asking - $825k

•11 Units total and laundry hookups onsite

•6-1 Bed units, 5 studio units

Estimated Market Rent - $10,225/Month

Insurance $525/month

Utilities not paid by tenants ≈ $720-820/month when fully occupied

All gas and electric are metered separately and paid by tenants, water is paid by us.

•Water estimated when fully occupied ≈ $500-600/month

•Typical house meter electric charge per month = $60/month

•Typical house meter for gas per charge = $60/month

•Dumpster = $100/month

If needed I can provide rent rolls for the one occupied unit. He just got bumped up to $975/month through CMA (section 8). He is in the only unit we have not renovated. All of the other 10 units were just finished and haven’t looked for tenants yet as we knew we would be selling the building. Our estimates are based off of comps and this already approved rent number, $975 for the one bed units and $875 for the studio units.

If you’d like to discuss further or set up a time to see the property please call or text (586) 879-7486 looking for Winner Mulumi or Brett Mickeny