Historical Multifamily Sale Listing - Casa del Rey

Multifamily For Sale

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Casa del Rey

111 Oneida St, Pontiac, MI 48340

N/A

49 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
49
Building Size:
29,185 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
12%
Lot Size:
51,750 SF
Listing ID
17872062
Last Updated
over 1 year ago

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.

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

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Created 10/12/2012