51 SPOKANE Drive Pontiac, MI 48341
- Added:
- Mar 20, 2026
- Days on Market:
- 15
- Last Refresh:
- Apr 3 at 11:06 pm
Property Features for 51 SPOKANE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bathrooms
- 18
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 1430402009
- Size
- 12,746 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16813
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1940
- Year renovated
- 2019
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent James T Silver (248) 530-7292
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Mar 20, 2026
MLS# 20261018060
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turn-Key Multifamily Investment Opportunity
This multifamily property in Pontiac, MI, presents a turn-key investment opportunity. It features 18 two-bedroom units, each approximately 800 square feet. Sixteen of the units are currently occupied, with tenants current on rent. Each unit has a private entrance and basement, along with individual natural gas furnaces and separate utility setups, including individual water meters. Extensive updates have been completed throughout the property. 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. The property is situated on a 1.15-acre lot. The building size is 12746 square feet. The current mortgage may be assumable for qualified buyers at 7.0% or less interest rate. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3175305
- Latitude
- 42.6392954
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Profitable 18-unit multifamily property with recent renovations and upside potential.
Where is this apartment building located?
The property is located at 51 SPOKANE Drive Pontiac, MI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Turn‑key, profitable, cash‑flowing 18‑unit apartment complex with strong upside potential.; New roof installed in 2024 with a 20‑year transferable warranty.; Current mortgage may be assumable for qualified buyers at 7.0% or less interest rate.
