51 SPOKANE Drive Pontiac, MI 48341
- Added:
- Apr 3, 2026
- Days on Market:
- 33
- Last Refresh:
- May 5 at 8:06 pm
Property Features for 51 SPOKANE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 36
- Bathrooms
- 18
- Rooms
- Bedroom 33, Bedroom 6, Bedroom 17, Bedroom 13, Bedroom 12, Bedroom 4, Bathroom 10, Bathroom 4, Bedroom 27, Bedroom 7, Bedroom 31, Bathroom 3, Bathroom 14, Bathroom 17, Bathroom 7, Bathroom 12, Bedroom 35, Bedroom 26, Bathroom 5, Bedroom 30, Bedroom 23, Bathroom 2, Bedroom 29, Bathroom 1, Bedroom 32, Bedroom 14, Bathroom 11, Bedroom 1, Bedroom 34, Bedroom 36, Bedroom 21, Bathroom 9, Bathroom 13, Bedroom 15, Bedroom 5, Bedroom 20, Bedroom 24, Bathroom 16, Bedroom 18, Bedroom 9, Basement, Bedroom 3, Bedroom 8, Bedroom 16, Bedroom 19, Bathroom 6, Bedroom 2, Bedroom 28, Bedroom 11, Bedroom 25, Bathroom 8, Bathroom 15, Bathroom 18, Bedroom 10, Bedroom 22
- Pets allowed
- Call
- Standard status
- Active
- APN
- 1430402009
- Size
- 12,746 SF
Taxes and HOA fees
- Tax Description
- T3N, R10E, SEC 30 ASSESSOR'S PLAT NO. 109 LOTS 17 TO 25 INCL, ALSO LOTS 40 TO 48 INCL
- Tax Annual Amount
- 16813
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 18
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent James T Silver License #6502374648 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Apr 3, 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 rare investment opportunity. The property features 18 two-bedroom units, each approximately 800 square feet. Seventeen of the units are currently occupied, with tenants current on rent. Each apartment 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. One master key provides access to the building. The property has a total size of 12746 square feet and offers 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
- -83.317533
- Latitude
- 42.639304
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Profitable 18-unit apartment complex with recent renovations and strong income 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 property with strong upside potential and projected NOI of $259,200.; 18 two‑bedroom units, 17 currently occupied with tenants current on rent, averaging $1,130/month.; New roof installed in 2024 with a 20‑year transferable warranty.
