This property is Off-Market

111 Oneida St
Pontiac, MI 48340 ·

49 Units · Multifamily For Sale

N/A

Print

Casa del Rey

Price N/A Property Use Type Investment
No. Units 49 Distressed Yes
Building Size 29,185 SF Cap Rate 12%
Property Type Multifamily Lot Size 51,750 SF
Property Sub-type Mid/High-Rise
Listing ID: 17872062 Date Created: 10/12/2012 Last Updated: 02/02/2013

Description

This property needs A LOT of work and will be sold as is to a cash buyer who can close quickly.

A historic 49-unit apartment complex with
51,750+/~ gross square feet. Casa Del Rey
was constructed in 1910 and is a 4.5 story
building. The property has a concrete foundation
with a brick veneer exterior. Unit types
range from studio up to three bedrooms and
include, at minimum, one bathroom, a kitchen
area, a living room and closet space.
29,185+/square feet, the property has
frontage on Oneida Street and Algonquin
Street with off-street parking and space for
expanding the parking lot. The complex is
equipped with approximately 16 storage
garage spaces. Due to the property' s location,
all utilities are available. The property is
zoned R-4, Multiple Family Elevator, allowing
for low-rise apartment buildings.
Historic National Registered Bio
The Spanish Eclectic Casa Del Rey Apartments
building, built in 1929, is a fourand-
one-half-story, yellow and orange brick
structure located south of Huron Street on
the southeast corner of Oneida an

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.

Research

111 Oneida St, Pontiac, MI 48340 (Oakland County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Pontiac Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)