Thank you
Herman Bishop
4Houses Realty, LLC
248-387-9377
Welcome to 51 S Francis St. This is an Exceptional Investment Opportunity - Turnkey Fourplex in Oakland County. We present a rare investment opportunity in the heart of Pontiac, Michigan - a well-maintained fourplex residential apartment building with four units ready to lease. All four units have been totally updated and remodeled and ready for occupancy. This building is the perfect opportunity for a cash flow investor, or a potential Air BnB/ Short Term Rental being located within a few miles from the downtown Pontiac area. The fourplex represents four identical two bed one bath units that rent for $1500/month, potentially producing $6000.00/month or $72,000/year in gross income. The Building also offers a paved parking lot right next to the building. The building is well located as it’s minutes from downtown and the Oakland County’s Sheriff’s Department. .
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Total Baths: 4
Full Baths: 4
Basement Description: Unfinished,Walk-Up Access
Heating: Forced Air
Heating Fuel: Natural Gas
Year Built: 1930
Building Stories: 2 Story
Total Units: 4
Foundation/Basement: Basement
Architecture: Common Entry Building,Quadruplex
Construction: Brick
Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Lot Size: 0.12
Lot Dimensions: Irregular
Frontage Feet: 1
SQ ft: 3652
Subdivision: CITIZEN'S DEVELOPMENT CO ADD
Financing: Cash,Conventional
Original List Price: $375,000
Possession: At Close
Legal Description: T3N, R10E, SEC 28 CITIZEN'S DEVELOPMENT COMPANY'S ADDITION LOT 171
Annual Tax: $1,012
Parcel Number: 641428481001
At Close
Legal Description: Section: T3N, R10E, SEC 28 CITIZEN'S DEVELOPMENT COMPANY'S ADDITION LOT 171
Presently Zoned: 1
Road Frontage: Paved
# of Bedrooms: 4
School District: Pontiac
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
505 Auburn Avenue , Pontiac, MI,48342 | $229,000 | -- | -- | -- | 0.64 Acre |
00 Cesar Chavez , Pontiac, MI,48342 | $99,900 | -- | -- | -- | 0.39 Acre |
118 University Drive , Pontiac, MI,48342 | $80,000 | -- | -- | -- | 1 Acre |
198 N Saginaw Street N, Pontiac, MI,48342 | $169,900 | -- | -- | -- | 0.68 Acre |
48 Florence Street , Pontiac, MI,48342 | $409,999 | 3 | 4 | 1,908 | 0.1 Acre |
62 Nelson Street , Pontiac, MI,48342 | $95,000 | 3 | 2 | 1,354 | 0.13 Acre |
229 Clifford Street , Pontiac, MI,48342 | $9,000 | -- | -- | -- | 0.16 Acre |
118 Martin Luther King .., Pontiac, MI,48342 | $12,000 | -- | -- | -- | 0.16 Acre |
112 Martin Luther King .., Pontiac, MI,48342 | $12,000 | -- | -- | -- | 0.19 Acre |
108 Martin Luther King .., Pontiac, MI,48342 | $12,000 | -- | -- | -- | 0.2 Acre |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 04/29/2024 @ 20:19
MLS: 603301473
LISTED BY: Herman Bishop , 4Houses Realty, LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.50%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.