• 51 S Francis Avenue Pontiac, Michigan 48342

  • $375,000
  • 8
    Bed(s)
  • 4
    Baths
  • 3,652
    Sq Ft
  • 0.12
    Acre

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. .

Property Type :

Multifamily

Subdivision :

Citizen's Development Co Add

County :

Oakland

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 4

Full Baths: 4

Interior Features

Basement Description: Unfinished,Walk-Up Access

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1930

Building Stories: 2 Story

Total Units: 4

Foundation/Basement: Basement

Architecture: Common Entry Building,Quadruplex

Exterior Features

Construction: Brick

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Lot Information

Lot Size: 0.12

Lot Dimensions: Irregular

Frontage Feet: 1

Property Information

SQ ft: 3652

Subdivision: CITIZEN'S DEVELOPMENT CO ADD

Financing: Cash,Conventional

Listing Price Information

Original List Price: $375,000

Listing Information

Possession: At Close

Legal Description: T3N, R10E, SEC 28 CITIZEN'S DEVELOPMENT COMPANY'S ADDITION LOT 171

Tax Information

Annual Tax: $1,012

Parcel Number: 641428481001

Possession

At Close

Legal Information

Legal Description: Section: T3N, R10E, SEC 28 CITIZEN'S DEVELOPMENT COMPANY'S ADDITION LOT 171

Multi-Unit Information

Presently Zoned: 1

Road Frontage: Paved

Unit 2 Information

# of Bedrooms: 4

School Information

School District: Pontiac

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

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
MLS Logo

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.

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