398 N Saginaw Street, Pontiac, MI 48342
398 N Saginaw Street, Pontiac, MI 48342
398 N Saginaw Street, Pontiac, MI 48342
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$250,000
Est. payment /mo
2 Baths
6,969 Sqft Lot
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Pontiac

Subdivision Pontiac

MLS Listing ID 20261009177

HOA Y/N true

Year Built 1910

Annual Tax Amount $2,648

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 41.66X170

Source Realcomp

Property Description

Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. DSCR loans, Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

Location

State MI

County Oakland

Zoning Multi-Family,Residential

Direction take woodward loop to saginaw pass howard and then property is on the right side

Interior

Heating Forced Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Structure Type Other

Schools

School District Pontiac

Others

Tax ID 1429226005

Acceptable Financing Cash, Conventional, FHA, Land Contract, VA Loan

Listing Terms Cash, Conventional, FHA, Land Contract, VA Loan

Special Listing Condition {"Other":true}

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Listed by Brookstone, Realtors LLC

Nearby School & Business

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

Team Leader, Broker License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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