Verzell Manor

For Sale

51 Spokane Dr, Pontiac, MI 48341

This Pontiac property for sale is located at 51 Spokane Dr. The current listed sale price for Verzell Manor is $2,050,000. Verzell Manor is situated on a lot that is 1.15 acre in size.

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

Property Details

  • Property Type Multi-Family
  • Property Size 25,492 SF
  • Units 18
  • Lot Size 1.15 Acre
  • Additional Rent Contact for pricing
  • Year Built 1940
  • Year Renovated 2024
  • Date Updated Nov 22, 2024
Pontiac, Michigan, is a historic city in Oakland County, known for its significant role in the American automotive industry, particularly as a manufacturing hub for General Motors. The city is also recognized for hosting events like the Arts, Beats & Eats festival and for landmarks such as the M1 Concourse motorsports facility and the Pontiac Transportation Museum. It has easy access to major highways and public transportation.Introducing an investment opportunity in the heart of Pontiac, MI. This renovated multifamily complex property contains 18 units, offering investors a prime income-generating asset. Built in 1940 and rejuvenated in 2024, this property combines vintage charm with modern functionality.

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Highlights

  • 18 Unit | 25,492 Sq. Ft. | Value-Add Opportunity
  • 88% Occupancy
  • Surrounded by High-demand Rental Market
  • Forecasted Rents Range from $875 to $1,250 per Unit
  • 2024 Renovations | Roof, Sidewalks, Windows, Furnace & Water Heaters, and Interiors
  • New Roof For Entire Complex With 20-year Transferable Warranty (Effective 7/3/24)
  • Close to M-59 & Telegraph Road
  • 16 Min from Oakland County International Airport

Getting around

  • 52/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Pontiac, MI
  • Zip Code 48341
  • Market Detroit

Points of Interest

  • Pontiac

    1.37 miles

  • Troy

    9.29 miles

  • Marathon

    0.25 miles

  • Sunoco

    0.40 miles

  • BP

    0.44 miles

  • Mobil

    1.05 miles

  • Auburn Hills, MI Supercharger

    4.89 miles

  • Sun Country

    4.91 miles

  • ChargePoint

    9.33 miles

  • EVgo

    9.80 miles

  • Phoenix Center

    1.40 miles

  • North Campus Associate Parking

    2.60 miles

  • Medical Office Building Parking

    2.60 miles

  • East Campus Associate Parking

    2.65 miles

  • Emergency Parking

    2.68 miles

  • Radiation Oncology Center Parking

    2.73 miles

  • Alice Gustafson Center Parking

    2.78 miles

  • Visitor Parking

    2.81 miles

  • Hampton Inn & Suites

    2.03 miles

  • Holiday Inn Express & Suites

    3.02 miles

  • Staybridge Suites Auburn Hills

    3.59 miles

  • Sonesta ES Suites Auburn Hills Detroit

    3.63 miles

  • Holiday Inn Express & Suites Auburn Hills

    3.65 miles

  • Extended Stay America - Detroit - Auburn Hills - Featherstone Rd.

    3.69 miles

  • Hampton

    3.74 miles

  • Embassy Suites

    3.80 miles

  • Quality Inn

    3.92 miles

  • Rodeway Inn

    3.94 miles

  • Forman Mills

    0.27 miles

  • Big Lots

    0.32 miles

  • ALDI

    2.10 miles

  • Better Health Market & Cafe

    2.21 miles

  • TJ Maxx

    2.36 miles

  • Save-A-Lot

    2.36 miles

  • Bloomfield Town Square

    2.40 miles

  • Target

    2.74 miles

  • Meijer

    2.74 miles

  • Gordon Food Service

    2.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group