For Sale - 140 SUMMIT Street, Pontiac, MI 48342

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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 250,000

Est. payment | -/mo

4 Baths

5,227 Sqft Lot

Save

$ 250,000

Est. payment | -/mo

Save

4 Baths

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Municipality Pontiac

Subdivision Pontiac

MLS Listing ID 20250016309

Originating Board Realcomp

Year Built 1930

Annual Tax Amount $2,957

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40X100X40X100

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 available—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 Oakland County - 70

Zoning Multi-Family

Direction S of W Montcalm St / E of Baldwin Ave

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Aluminum Siding,Brick

Schools

School District Pontiac

Others

Tax ID 1420311005

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by S&P Realty

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

140 SUMMIT Street Pontiac, MI 48342