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$349,000
Est. payment /mo
5 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261057421
Year Built 1930
Annual Tax Amount $2,078
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 120x75x110
Source Realcomp
Property Description
Don't miss this excellent value-add multi-unit investment in a convenient Historic District Pontiac location. This city-certified 5-unit apartment building features five 2-bedroom, 1-bath units, with four recently updated units and a fifth basement unit ready for renovation—offering immediate upside and additional income potential.The property is located on a desirable block with rear parking, a history of low vacancy, and room for future rent growth. Water is included in the current rents, and small pets are permitted, helping attract and retain quality tenants. With a strong rental demand in the area and the opportunity to increase cash flow through the remaining rehab and future rent adjustments, this property is an excellent addition to any investor's portfolio. To protect tenant privacy, showings with accepted offers only. Property management services are available for buyers. Financials are projected based on market rent adjustments. BATVAI.
Location
State MI
County Oakland
Zoning Multi-Family
Direction N on Pike E on Williams
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Stucco
Schools
School District Pontiac
Others
Tax ID 1429453010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Avenue Group Homes, LLC
Nearby School & Business
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- 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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