BEDS0
BATHS3 full
SQUARE FEET1,854
MLS#20261029786
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBagley & Manns
SCHOOLPontiac
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Fuel Type: Natural Gas
Heating: Baseboard, Hot Water
Home Style: Triplex
Lot Size: 0.14 Acres
Year Built: 1931
Feature Descriptions
Architecture: Triplex
Days on Site: 25
Exterior: Brick
Foundation: Basement
Frontage Feet: 40
Lot Dimensions: 0.14 Acre(s)
Lower Level Finished Sqft: 800
Road Frontage: Paved, Pub. Sidewalk
Summer Tax: $2980.0000
Water Heater: Natural Gas
Winter Tax: $179.0000
Local Schools
School District: Pontiac
Listed By / Shown By
Listed By
Agency Name: National Realty Centers, Inc
Agency Phone: (248) 468-1444
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 1,647.32 per month $1,565.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $81.64 Homeowner's Insurance
156 Mark Avenue | MLS# 20261029786
This multi-family property located at 156 Mark Avenue, Pontiac, MI 48341 is currently listed for sale with an asking price of $279,900. Mark Avenue is located within the Pontiac school district. Search Pontiac real estate on www.ikeyrealty.com today.