Historical Multifamily Sale Listing - Casa Del Rey

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Pontiac, MI or Michigan

Casa Del Rey

111 Oneida, Pontiac, MI 48341

N/A

49 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
49
Building Size:
37,795 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
20%
Listing ID
17334903
Last Updated
over 1 year ago

Description

Bid deadline December 31, 2011. All reasonable offers considered. Income Property Organization is pleased to announce that we have been retained as the exclusive marketing representative for the Casa Del Rey apartments in Pontiac, MI. The Spanish Eclectic Casa Del Rey Apartments building, built in 1929, is a four-and-one-half-story, yellow and orange brick structure located south of Huron Street on the southeast corner of Oneida and Algonquin Streets. The front faces Oneida on the west, with the rear of the structure facing vacant lots to the East on Seminole Avenue. Originally built with forty-one units, it was the largest apartment building in Pontiac at the time. Interior walls are done in antique plaster. Natural oak trim is found throughout the building while elaborate use of colorful clay tile is found throughout public spaces and on fireplaces in many of the individual apartments.
The Casa Del Rey apartments were built in early 1920s, just prior to the great depression, at a cost of $400,000. With forty-one individual units, the four-and one-half story brick building was the one of the largest and finest apartment buildings in Pontiac at the time.

The immediate area is primarily established residential, with the North Oakland Medical Center located adjacent to the property. The property enjoys convenient access to Huron Street (M-59) and Orchard Lake Road, two well-traveled thoroughfares. These thoroughfares provide access to the area's commercial district, one mile east of the property, employment centers and to Business Loop U.S. 24 and Interstate 75. Huron Street also lends direct access to the Detroit metropolitan freeway network. In addition to excellent road access, the area has a rail transport center, with an Amtrak passenger terminal in the Phoenix Transportation Center.

Map of 111 Oneida, Pontiac, MI 48341 (Oakland County)

Research for 111 Oneida, Pontiac, MI 48341 (Oakland County)

  • Demographics – Population, income & other demographics near 111 Oneida
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
Created 9/16/2011