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Urbane on Wayne 50 Wayne St 18 Unit Apartment Building $1,780,000 ($98,889/Unit) Pontiac, MI 48342
Executive Summary
*MOTIVATED SELLER* Welcome to your next generational wealth builder. Located in the heart of downtown Pontiac, this impressive 38-unit apartment building is ready for transformation. With fully approved plans and all city and building permits in place, you can close and begin interior work immediately. The project includes $1.9 million in approved grants to significantly reduce your out-of-pocket costs and allow you to reinvest directly into the renovation and future tenants. A rare opportunity in a rapidly growing market. Schedule your showing today. All showings will be held only with appointments, or our open houses/building tours.
Property Facts
| Price | $1,780,000 | Building Class | B |
| Price Per Unit | $98,889 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 26,880 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | ME | ||
| Price | $1,780,000 |
| Price Per Unit | $98,889 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 26,880 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | ME |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 400 |
| 1+1 | 15 | - | 750 - 1,000 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-29-433-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $22,280 |
Property Taxes
Parcel Number
14-29-433-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$22,280
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
ICON Realty Experts, LLC
Urbane on Wayne | 50 Wayne St
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