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Pontiac,MI 48341 1224
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,567 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 60366355
Style 2 Story
Full Baths 3
Year Built 1931
Annual Tax Amount $2,521
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50.00 x 150.00
Property Description
Discover an investment opportunity in the growing city of Pontiac! This well- maintained three-unit multi-family property is a gem, offering a combination of convenience, functionality, and strong income potential. The spacious first-floor unit is a standout, featuring a large three-bedroom, one-bath layout perfect for families or long-term tenants. With its city rental certificate in place, it's ready for immediate occupancy. Upstairs, you'll find two one-bedroom, one-bath units, both well-maintained and with their own rental inspections from the city. One of these units already has a strong, reliable, long-term tenant who pays promptly, for immediate cash flow. Each unit has its own separate gas and electric meters, providing convenience for tenants and simplifying utility management for you. The property also features one central water meter and has been recently upgraded with newer furnaces (2020) and a new roof (2024) . This means the major systems have been recently updated, reducing the need for immediate maintenance or repairs. Every unit comes complete with stoves and refrigerators, making them move in ready. Located in a community that’s steadily evolving and attracting attention, this property is an opportunity to capitalize on Pontiac’s ongoing growth. Whether you're a seasoned investor or just starting to build your portfolio, this property offers stability and potential. Available exclusively with land contract terms, it’s your chance to invest in the future of Pontiac while generating solid returns.
Location
State MI
County Oakland
Area Pontiac (63142)
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Pontiac City School District
Others
Ownership Private
Assessment Amount $192
Energy Description Natural Gas