Homes for sale - 140 SUMMIT Street, Pontiac, MI 48342 1172

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Christopher Waring

cwaring@keerealty.com +1(586) 291-4675

$ 250,000

Est. payment | -/mo

4 Baths

2,279 SqFt

Save

$ 250,000

Est. payment | -/mo

Save

4 Baths

2,279 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,279 sqft

Price per Sqft $109

Subdivision Mi

MLS Listing ID 60376294

Style 2 Story

Full Baths 4

Year Built 1930

Annual Tax Amount $2,957

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40X100X40X100

Property Sub-Type Multi-Family

Property Description

Great Investment Opportunity! This 4-unit brick apartment building comes with two additional vacant lots, offering potential for expansion or added value. Three units currently leased and producing $2,985 in monthly rental income as-is. Owner covers all utilities, with 1 water heater and 2 furnaces servicing the property. Apartment 4 has been freshly painted and is ready for a new tenant. Some deferred maintenance: oven in Unit 1 and dishwasher need repair. Owner owns fridge, stove and dish. The property has a strong rental history with a consistent rent roll, and the vacant unit may have a tenant soon. Unit 4 could have an agency placed (like section 8) tenant if the buyer would like. FHA/VA financing may be considered; however, some properties may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. Possible package deal availableâ€”seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 1380 College Ave, Lincoln Park, MI 48146. Don't miss this chance to own a multi-unit property with extra land for future opportunities!

Location

State MI

County Oakland

Area Pontiac (63142)

Zoning Multi-Family

Rooms

Basement Poured

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Aluminum, Brick

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Aluminum,Brick

Schools

School District Pontiac City School District

Others

Ownership Private

Assessment Amount $252

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by S&P Realty

GET MORE INFORMATION

Christopher Waring

REALTOR® | Lic# 6501384396

cwaring@keerealty.com

+1(586) 291-4675

36622 Green St, New Baltimore MI 48047

140 SUMMIT Street Pontiac, MI 48342 1172

Christopher Waring

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

140 SUMMIT Street