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$250,000
Est. payment /mo
2 Baths
6,969 Sqft Lot
UPDATED:
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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