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109 Cadillac Street Pontiac, MI 48342 1223
6 Baths
4,256 SqFt
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,256 sqft
Price per Sqft $140
Subdivision Mi
MLS Listing ID 60990865
Style 1 Story
Full Baths 6
Year Built 1929
Annual Tax Amount $7,870
Lot Size 0.460 Acres
Acres 0.46
Lot Dimensions 180x120
Property Sub-Type Multi-Family
Property Description
109 Cadillac St in Pontiac, MI presents a rare opportunity to acquire a truly one-of-a-kind multifamily investment property featuring six spacious 2-bedroom, 1-bath units, each offering approximately 825 square feet of living space. Every unit has its own private entrance and dedicated basement, creating a townhome-style feel that is highly desirable to tenants. What sets this property apart is that all six units are completely separately metered for gas, water, and electric, significantly reducing owner utility expenses and simplifying management. In addition, each unit has its own furnace, central air conditioning system, and hot water heater, giving tenants full control over their utilities and comfort. The property has seen extensive interior updates, including fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement also includes laundry hookups, adding convenience and additional tenant appeal. The roof is newer, helping minimize near-term capital expenses. Currently, five of the six units are occupied, with one unit intentionally left vacant to allow for easy walkthroughs and future leasing flexibility. At full occupancy, the property offers projected gross annual income of $90,000 a year, making this an exceptional turnkey investment opportunity with strong cash flow potential in the growing Pontiac market. PROPERTY FULLY APPROVED WITH THE PONTIAC HOUSING COMISH FOR THEIR VOUCHER PROGRAM.
Location
State MI
County Oakland
Area Pontiac (63142)
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Story 1 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Pontiac City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Oak and Stone Real Estate
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