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$ 299,000
Est. payment /mo
Active
156 Mark Avenue Pontiac, MI 48341 1350
3 Baths
1,854 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,854 sqft
Price per Sqft $161
Subdivision Mi
MLS Listing ID 60988504
Style 2 Story
Full Baths 3
Year Built 1931
Annual Tax Amount $3,159
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40X150
Property Sub-Type Multi-Family
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
Area Pontiac (63142)
Zoning Residential
Rooms
Basement Block, Finished
Interior
Heating Baseboard, Hot Water
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
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by National Realty Centers, Inc
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