Verzell Manor

51 Spokane Dr, Pontiac, MI 48341

  • For Sale $2,050,000
  • 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

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Pete's Coney Island

    0.41 miles

  • Taco Bell

    0.44 miles

  • Arby's

    0.47 miles

  • Ray’s Crispy Fish & Chicken

    0.70 miles

  • Popeyes

    0.78 miles

  • So Thai

    0.96 miles

  • Señor Tacos

    1.00 miles

  • Hungry Howie's

    1.56 miles

  • McDonald's

    1.61 miles

  • Roadside B&G

    1.69 miles

  • Former Webster School

    0.25 miles

  • Washington Junior High School

    0.48 miles

  • Wisner School

    0.90 miles

  • Marist Academy at Waterford

    0.94 miles

  • Momentum Academy

    1.05 miles

  • Donelson Hills Elementary School

    1.13 miles

  • Pontiac Academy for Excellence

    1.17 miles

  • Whitman Elementary School (Closed)

    1.38 miles

  • Central School

    1.50 miles

  • Saint Michaels School

    1.57 miles

  • Children's Choice Learning Center

    1.39 miles

  • Bright Horizons at St. Joseph Mercy Hospital Oakland

    2.81 miles

  • The Breakie Bunch

    4.65 miles

  • Bloomin' Kids Preschool at Conant

    5.67 miles

  • Lowry Childcare Center

    5.87 miles

  • West Bloomfield KinderCare

    6.77 miles

  • KinderCare

    7.31 miles

  • Everbrook Academy of West Bloomfield

    7.39 miles

  • The Learning Experience - Troy

    7.91 miles

  • The Learning Center

    7.91 miles

Frequently Asked Questions

How much does Verzell Manor cost?

The space currently listed for sale at Verzell Manor asks for $2,050,000.

What is the total square footage of Verzell Manor?

Verzell Manor totals 25,492 square feet.

When was this property built?

Verzell Manor was built in 1940.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group