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$218,999
Est. payment /mo
3 Baths
3,673 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 3,673 sqft
Price per Sqft $59
Subdivision Phelps Add
MLS Listing ID 20251032402
Style Triplex
Full Baths 3
Year Built 1917
Property Sub-Type MultiFamily
Property Description
Welcome to your new primary home or next investment property. This 3-unit, 8-bedroom home is already two-thirds occupied and generating $2,250 per month in rental income. The third unit, a 3-bedroom, is move-in ready and offers even more potential. Whether you're looking for the perfect house hack or a strong cash-flowing investment, this property delivers.
A brand new roof and updated mechanicals were completed in 2023, covering your major expenses. Units have been recently updated, and additional repairs and updates to the lower unit will be completed prior to closing. The home is rental certified with the City of Pontiac, providing peace of mind and compliance for investors.
Currently, the 3-bedroom unit is leased for $1,250 per month through September 2026, and the 2-bedroom unit is leased for $1,000 per month through September 2027. Showings for occupied units are available after an accepted offer, and the vacant unit can be shown by appointment.
A brand new roof and updated mechanicals were completed in 2023, covering your major expenses. Units have been recently updated, and additional repairs and updates to the lower unit will be completed prior to closing. The home is rental certified with the City of Pontiac, providing peace of mind and compliance for investors.
Currently, the 3-bedroom unit is leased for $1,250 per month through September 2026, and the 2-bedroom unit is leased for $1,000 per month through September 2027. Showings for occupied units are available after an accepted offer, and the vacant unit can be shown by appointment.
Location
State MI
County Oakland
Area Area02142Pontiac
Rooms
Basement Finished, Full, InteriorEntry
Interior
Heating ForcedAir, NaturalGas
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Other
Schools
School District Pontiac
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
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Listed by Amer Bally of ICON Realty Experts, LLC
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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