51 SPOKANE Drive, Pontiac, MI 48341

This turn-key property in Pontiac, MI, presents a rare opportunity. The property features 18 two-bedroom units, each approximately 800 sq. ft. Seventeen of the units are currently occupied, with tenants current on rent. Each apartment has a private entrance and basement. The property features individual natural gas furnaces for each apartment and separate utility setups, including individual water meters. Extensive updates have been completed throughout the complex. Nine 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. Twelve units include central air, and 10 units have newer furnaces. A security camera system is in place. One master key provides access to the building. The property occupies a 1.15-acre lot. The building size is 12746 square feet. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.