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$ 299,000
Est. payment | /mo
3 Baths
6,098 Sqft Lot
$ 299,000
Est. payment | /mo
3 Baths
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261029786
Year Built 1931
Annual Tax Amount $3,159
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40X150
Source Realcomp
Property Description
Fantastic investment opportunity with this solid brick triplex in Pontiac, conveniently located near Telegraph and Elizabeth Lake Rd. The property includes two spacious 2-bedroom units, both currently occupied by Section 8 tenants paying $1,250 and $1,207 per month. The third unit is a vacant basement studio with egress, offering an estimated rental potential of $750 per month.With all three units rented, the property has the potential to generate approximately $3,207 in monthly income, delivering an attractive projected cap rate of 11%. Additional features include a two-car garage for added tenant convenience.Showings are available upon accepted offer only.
Location
State MI
County Oakland
Zoning Residential
Direction South of Elizabeth Lake, N of Huron, East of Telegraph
Interior
Heating Baseboard, Hot Water
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1430427002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by National Realty Centers, Inc
Nearby Locations
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Mike Himes
Associate Broker | Lic# 501408694