Northern Pine Efficiencies

566 East Columbia Avenue Pontiac, MI 48340

566 East Columbia Avenue, Pontiac, MI, 48340
566 East Columbia Avenue, Pontiac, MI, 48340 566 East Columbia Avenue, Pontiac, MI, 48340 566 East Columbia Avenue, Pontiac, MI, 48340 566 East Columbia Avenue, Pontiac, MI, 48340
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$799,000
Last Verified:
Feb 11, 2025

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Highlights

  • 11 Unit Studio Apartment For Sale in North Pontiac (48340 Zip). Located 3 Miles from Great Lakes Crossing Mall, FANUC Campus and Amazon Fulfillment Center
  • Rental Income: ~$94,000. Landlord Pays for All the Utilities, Taxes, and Insurance. Current NOI: ~$64,000 with the Ability to Raise Rents Closer to Market.
  • Laundry Machine Revenue Generates $1,000 / year.
  • Fully Renovated Studios with No Deferred Maintenance. Each Unit Private Entry, Kitchen, and Bath.
  • In Very High Demand – Strong Rental Appeal. 9 of 11 Tenants Has Been Living Here for 3+ Years
  • Private Off-Street Parking
  • Detached 3-Car Garage

Description

11 Units, 100% Occupied, $799,000

11 Unit Multifamily Pontiac

Building Size: 3603sq ft
Lot Size: 0 acres

Map of 566 East Columbia Avenue, Pontiac, MI, 48340

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.