109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$599,999
Est. payment /mo
6 Baths
0.46 Acres 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 20261032530

HOA Y/N true

Year Built 1929

Annual Tax Amount $7,870

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 180x120

Source Realcomp

Property Description

109 Cadillac St in Pontiac, MI presents a rare opportunity to acquire a truly one-of-a-kind multifamily investment property featuring six spacious 2-bedroom, 1-bath units, each offering approximately 825 square feet of living space. Every unit has its own private entrance and dedicated basement, creating a townhome-style feel that is highly desirable to tenants. What sets this property apart is that all six units are completely separately metered for gas, water, and electric, significantly reducing owner utility expenses and simplifying management. In addition, each unit has its own furnace, central air conditioning system, and hot water heater, giving tenants full control over their utilities and comfort. The property has seen extensive interior updates, including fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement also includes laundry hookups, adding convenience and additional tenant appeal. The roof is newer, helping minimize near-term capital expenses. Currently, five of the six units are occupied, with one unit intentionally left vacant to allow for easy walkthroughs and future leasing flexibility. At full occupancy, the property offers projected gross annual income of $90,000 a year, making this an exceptional turnkey investment opportunity with strong cash flow potential in the growing Pontiac market. PROPERTY FULLY APPROVED WITH THE PONTIAC HOUSING COMISH FOR THEIR VOUCHER PROGRAM.

Location

State MI

County Oakland

Zoning Commercial,Multi-Family

Direction Baldwin and Rundell

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Pontiac

Others

Tax ID 1420377012

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition {"Other":true}

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Listed by Oak and Stone Real Estate

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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