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Justyn Nixon

justyn@nixonrealestatesales.com +1(248) 830-1336

$ 279,900

3 Baths

1,854 SqFt

Save

$ 279,900

Save

3 Baths

1,854 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 1,854 sqft

Subdivision Bagley & Manns

MLS Listing ID 20261055966

Style Triplex

Full Baths 3

Year Built 1931

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

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, one currently occupied by Section 8 tenant paying $1,207 per month and the other unit is vacant with the previous tenant paying $1,250 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 only for top unit and studio unit in basement

Location

State MI

County Oakland

Area Area02142Pontiac

Rooms

Basement Finished, Full

Interior

Heating Baseboard, Hot Water, Natural Gas

Fireplace No

Laundry WasherHookup

Exterior

Exterior Feature Balcony

Parking Features Garage

Pool None

Community Features Sidewalks

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Pontiac

Others

Senior Community false

Acceptable Financing Cash, CovenantDeed

Listing Terms Cash, CovenantDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Listed by Michael Cash of National Realty Centers, Inc

Schools and Properties Nearby

Learn More About LPT Realty

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156 Mark AVE Pontiac, MI 48341