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$ 250,000
Est. payment /mo
Active
398 N Saginaw Street Pontiac, MI 48342 1455
2 Baths
1,620 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $154
Subdivision Mi
MLS Listing ID 60976670
Style 2 Story
Full Baths 2
Year Built 1910
Annual Tax Amount $2,648
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 41.66X170
Property Sub-Type Multi-Family
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
Area Pontiac (63142)
Rooms
Basement Poured, Stone
Interior
Interior Features Cable/Internet Avail.
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Other
Amenities Available Private Entry
Building
Story 2 Story
Foundation Basement
Structure Type Other
Schools
School District Pontiac City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
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