138 Palmer Street
Pontiac, Michigan 48341
3
Bed
1
Bath
1,034Sqft
0.26Acre(Lot)
Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential. The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation. DEAL SNAPSHOT ?? Purchase Price: $20,000 ?? Estimated ARV: Approx. $170,000 ?? Gross Spread Before Rehab & Expenses: $150,000 ?? 3 Bedrooms | 1 Bathroom ?? Approx. 1,034 Sq. Ft. ?? Approx. 0.26-Acre Lot ?? Full Gut Rehab THE OPPORTUNITY This is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor. Potential strategies inc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 3Bathroom Information
Total Baths: 1 Full Baths: 1 -
Room Information
Total Rooms: 4Interior Features
Basement Description: Unfinished -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1875 Building Stories: 2 Story Foundation/Basement: Basement,Michigan Basement Architecture: Colonial,Early American -
Exterior Features
Construction: Vinyl -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.26 Lot Dimensions: 94.2X120 Frontage Feet: 11326 -
Property Information
SQ ft: 1034 Subdivision: Assrs 70 - City Of Pontiac Financing: Cash,FHA 203K,Warranty Deed
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Listing Price Information
Original List Price: $25,000 -
Listing Information
Possession: At Close Legal Description: T3N, R10E, SEC 32 ASSESSOR'S PLAT NO. 70 LOT 13
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Tax Information
Annual Tax: $788 Parcel Number: 1432108020 -
Possession
At Close -
Legal Information
Legal Description: Section: T3N, R10E, SEC 32 ASSESSOR'S PLAT NO. 70 LOT 13
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Parking Information
Has Garage: Yes Garage Size: 1.5 Car Garage Description: Detached -
Multi-Unit Information
Road Frontage: Paved
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School Information
School District: Pontiac -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 57 N Johnson Street , Pontiac, MI, 48341 | $134,900 | 2 | 1 | 1,549 | 0.17 Acre |
| 640 Martin Luther King .., Pontiac, MI, 48341 | $277,900 | 3 | 2 | 1,340 | 0.35 Acre |
| 449 Midway Avenue , Pontiac, MI, 48341 | $130,000 | 2 | 1 | 865 | 0.12 Acre |
| 187 NE Nebraska Avenue , Pontiac, MI, 48341 | $165,000 | 4 | 1 | 1,222 | 0.12 Acre |
| 82 Earlmoor Boulevard , Pontiac, MI, 48341 | $129,000 | 3 | 1 | 969 | 0.13 Acre |
| 45 Pleasantview Drive , Pontiac, MI, 48341 | $174,999 | 3 | 1 | 999 | 0.12 Acre |
| 270 Franklin Road , Pontiac, MI, 48341 | $230,000 | 4 | 2 | 1,455 | 0.20 Acre |
| 498 Montana Avenue , Pontiac, MI, 48341 | $94,900 | 2 | 1 | 722 | 0.10 Acre |
| 524 Luther Avenue , Pontiac, MI, 48341 | $85,000 | 2 | 1 | 647 | 0.10 Acre |
| 564 California Avenue , Pontiac, MI, 48341 | $254,900 | 2 | 2 | 1,150 | 0.15 Acre |
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ByOwner last updated this listing 09/03/2026 @ 15:31
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