Agent profile image in chat bubble
Agent profile image in chat header

Jenn Smart

| SEO pages, v2 chat

Agent profile image in message

51 Spokane , Pontiac, MI 48341
$1,900,000
Est. Payment: $9,901.16/mo
0 Bed
18 Bath
12746 Sqft
Status: active | Days on site: 95
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding you are providing Jenn Smart with your express written consent to send you marketing and promotional communications via calls or prerecorded messages dialed by a natural person or by using an artificial or automated telephone dialing system.

By checking the box, you consent to receive marketing text messages. If checked, you consent to receiving texts including marketing and promotional communications, from Jenn Smart. Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy.

House Description

Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent. Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters - ideal for efficient management and expense control. Each unit offers a private entrance and basement. Extensive updates throughout: 9 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. 12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience. Please do NOT approach property or tenants without a confirmed showing appointment. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.

Highlights

Listed by James Silver , 248-417-9617 Keller Williams Somerset , 248-649-7200. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
1.15

Year Built

1940

County

Oakland

Area

Pontiac (63142)

Neighborhood

Assr's Plat No 109 - City Of Pontiac

School District

Pontiac City School District

Listing ID

60980911

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:18
  • Full Bathrooms:18
Above Ground Sq Ft:12746
Basement:Block
Water:Public Water

Exterior Features

Lot Dimensions:236x210
Zoning:Multi-Family
Principal Interest
$9,901
Taxes
$1,401

Home Price

$1,900,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$380,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,901.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,901.16 $1,401.08 $0.00 $11,302.25
Yearly $118,813.97 $16,813.00 $0.00 $135,626.97
Total $3,564,419.14 $504,390.00 $0.00 $4,068,809.14
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Pontiac, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

IDX service by Blueroof 360

Data last updated: 2026-09-02T03:11:55.100Z

© 2026 MiRealSource, Inc.

MLS Logo - MiRealSource, Inc.