$350,000
$375,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
51 S FRANCIS Avenue Pontiac, MI 48342
4 Beds
4 Baths
3,652 SqFt
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Common Entry Building,Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,652 sqft
Price per Sqft $95
Subdivision Citizen'S Development Co Add
MLS Listing ID 20240018890
Sold Date 05/28/24
Style Common Entry Building,Quadruplex
Bedrooms 4
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1930
Annual Tax Amount $1,012
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions Irregular
Property Description
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. .
Location
State MI
County Oakland
Area Pontiac
Zoning Multi-Family
Direction North of Auburn Rd and South of Pike
Rooms
Basement Unfinished, Walk-Up Access
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Common Entry Building, Quadruplex
Level or Stories 2 Story
Structure Type Brick
Schools
School District Pontiac
Others
Pets Allowed Yes
Tax ID 641428481001
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2023
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Keller Williams Somerset