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Maynard Court Apartments 25 Maynard Ct 12 Unit Apartment Building $1,950,000 ($162,500/Unit) 8.68% Cap Rate Pontiac, MI 48342
Executive Summary
12 Units (All 3 Bed / 1 Bath) | 15,324 Sq. Ft. | 100% Occupied Fully renovated interiors (2023) | New tear-off roof (2024) City Rental Certified with Inspection Approval Individually Metered Gas & Electric | Walk-out basements & Rear Balconies Close to major employers: GM, UWM Value-Add Opportunity: Below Market Rents
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 16,344 SF |
| Cap Rate | 8.68% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | RI - Licensed rentals with the city of Pontiac | ||
| Price | $1,950,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 8.68% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 16,344 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | RI - Licensed rentals with the city of Pontiac |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 12 | - | 1,362 |
1 1
Property Taxes
| Parcel Number | 14-28-181-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,230 |
Property Taxes
Parcel Number
14-28-181-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,230
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Maynard Court Apartments | 25 Maynard Ct
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