$157,500
$169,950
7.3%For more information regarding the value of a property, please contact us for a free consultation.
138 W COLUMBIA AVE Pontiac, MI 48340
5 Beds
2,834 SqFt
Key Details
Sold Price $157,500
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,834 sqft
Price per Sqft $55
Subdivision Walton Blvd Park Sub
MLS Listing ID 2200099542
Sold Date 12/31/20
Bedrooms 5
Originating Board Realcomp II Ltd
Year Built 1954
Annual Tax Amount $2,403
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 120 X 100.03 X 120 X 100.03
Property Description
Your search for the perfect Investment stops here! This is a rare opportunity to own a 5 unit complex zoned Commercial/Apartment Improved. Units are 100% leased. Includes (4) 1 Bedroom Studios and (1) 2 Bedroom unit. There is a huge upside to this investment. Current owner pays water, electric and gas. A new owner can change all leases to a triple net format lease and leave current monthly rentals at same rent. This will take the investment from a 11.5 CAP to an 18.5 CAP. All units have separate gas and electric meters. All units include a stove and Refrigerator. The 2 Bedroom unit includes a washer and dryer. New roof in 2019. End cap unit was recently remodeled with new furnace, hot water tank and appliances. Don't miss out, this will not last!
Location
State MI
County Oakland
Area Pontiac
Zoning Commercial,Multi-Family
Direction S. off Walton Blvd. onto Baldwin Ave. W. on W Columbia Ave.
Interior
Hot Water Natural Gas
Heating Central Air, Forced Air, Window/Wall Unit
Heat Source Natural Gas
Exterior
Roof Type ENERGY STAR Shingles
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer at Street
Water Municipal Water
Level or Stories 1 Story
Structure Type Block/Concrete/Masonry
Schools
School District Pontiac
Others
Tax ID 1417156008
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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