51 SPOKANE Drive Pontiac MI 48341 MLS #20261017986

There are multiple listings for this address:
51 SPOKANE Drive
Pontiac, MI, 48341
$1,900,000
Beds
0 Baths
12,746 SqFt
1.15 Acres
Add
MLS #20261017986 image #0
Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent.

Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters—ideal for efficient management and expense control. Each unit offers a private entrance and basement.

Extensive updates throughout: 9 units have been fully renovated within the last 4 years, and 16 bathrooms have been completely updated. A new roof was installed across the entire complex in 2024 with a 20-year transferable warranty. Additional improvements include new concrete walkways in the courtyard, cultured stone on 9 porches, newly shingled porch overhangs, updated front exterior doors, glass block windows in every unit, newer gutters, trim, and exterior security lighting. The west side of the building also features a newer asphalt parking lot.

12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience.

Current mortgage may be assumable for qualified buyers at 7.0% or less interest rate. Please do NOT approach property or tenants without a confirmed showing appointment.

Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.

Property Details

Price:
$1,900,000
MLS #:
20261017986
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
BusinessandRealEstate
Subdivision:
ASSR’S PLAT NO 109 – CITY OF PONTIAC
Neighborhood:
area02142pontiac
Listed Date:
Apr 3, 2026
Finished Sq Ft:
12,746
Total Sq Ft:
12,746
Year Built:
1940
Short SaleArea02142pontiacArea02142pontiacAssr’s Plat No 109 – City Of PontiacPontiac

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Schools

School District:
Pontiac

Interior

Above Grade Finished Area
12746
Heating
Forced Air, Natural Gas
Levels
One

Exterior

Building Features
AwningOverhangs, OutsideLighting
Construction Materials
Brick
Roof
Asphalt

Financial

Net Operating Income
$196,794
Taxes
$16,813

Map

Community

Subdivisions in Pontiac

Market Summary

Current real estate data for Commercial in Pontiac as of Apr 11, 2026
42
Commercial Listed
263
Avg DOM
414
Avg $ / SqFt
$830,864
Avg List Price

Property Summary

    Located in the ASSR’S PLAT NO 109 – CITY OF PONTIAC subdivision, 51 SPOKANE Drive Pontiac MI is a Commercial for sale in Pontiac, MI, 48341. It is listed for $1,900,000 To schedule a showing of MLS#20261017986 at 51 SPOKANE Drive in Pontiac, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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51 SPOKANE Drive
Pontiac, MI
51 SPOKANE Drive
Pontiac, MI, 48341
$1,900,000
Beds
18 Baths
12,746 SqFt
1.15 Acres
Add
MLS #20261018060 image #0
Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent.

Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters—ideal for efficient management and expense control. Each unit offers a private entrance and basement.

Extensive updates throughout: 9 units have been fully renovated within the last 4 years, and 16 bathrooms have been completely updated. A new roof was installed across the entire complex in 2024 with a 20-year transferable warranty. Additional improvements include new concrete walkways in the courtyard, cultured stone on 9 porches, newly shingled porch overhangs, updated front exterior doors, glass block windows in every unit, newer gutters, trim, and exterior security lighting. The west side of the building also features a newer asphalt parking lot.

12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience.

Current mortgage may be assumable for qualified buyers at 7.0% or less interest rate. Please do NOT approach property or tenants without a confirmed showing appointment.

Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.

Property Details

Price:
$1,900,000
MLS #:
20261018060
Status:
Active
Beds:
0
Baths:
18
Type:
Single Family
Subtype:
BusinessandRealEstate
Subdivision:
ASSR’S PLAT NO 109 – CITY OF PONTIAC
Neighborhood:
area02142pontiac
Listed Date:
Apr 3, 2026
Finished Sq Ft:
12,746
Total Sq Ft:
12,746
Year Built:
1940
Short SaleArea02142pontiacArea02142pontiacAssr’s Plat No 109 – City Of PontiacPontiac

Ask a Question

See this Listing

Send
  

Schools

School District:
Pontiac

Interior

Above Grade Finished Area
12746
Heating
Forced Air, Natural Gas
Levels
One

Exterior

Building Features
AwningOverhangs, OutsideLighting
Construction Materials
Brick
Roof
Asphalt

Financial

Net Operating Income
$196,794
Taxes
$16,813

Map

Community

Subdivisions in Pontiac

Market Summary

Current real estate data for Single Family in Pontiac as of Apr 11, 2026
42
Single Family Listed
263
Avg DOM
414
Avg $ / SqFt
$830,864
Avg List Price

Property Summary

    Located in the ASSR’S PLAT NO 109 – CITY OF PONTIAC subdivision, 51 SPOKANE Drive Pontiac MI is a Single Family for sale in Pontiac, MI, 48341. It is listed for $1,900,000 and features 0 beds, 18 baths, and has approximately 12,746 square feet of living space, and was originally constructed in 1940. The current price per square foot is $149. The average price per square foot for Single Family listings in Pontiac is $414. The average listing price for Single Family in Pontiac is $830,864. To schedule a showing of MLS#20261018060 at 51 SPOKANE Drive in Pontiac, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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