Fantastic investment opportunity with this solid brick triplex in Pontiac, conveniently located near Telegraph and Elizabeth Lake Rd. The property includes two spacious 2-bedroom units, one currently occupied by Section 8 tenant paying $1,207 per month and the other unit is vacant with the previous tenant paying $1,250 per month. The third unit is a vacant basement studio with egress, offering an estimated rental potential of $750 per month. With all three units rented, the property has the potential to generate approximately $3,207 in monthly income, delivering an attractive projected cap rate of 11%. Additional features include a two-car garage for added tenant convenience. Showings are only for top unit and studio unit in basement
Listed By
Agency Name: National Realty Centers, Inc
Agency Phone: (248) 468-1444
Shown By
Agent Name: James Dewling
Agent Phone: (810) 227-1016 ext. 213
Agency Title: Griffith Realty
Estimated Payment
$ 704.57 per month $622.94 Principal & Interest $0.00 Property Tax (data not provided by mls) $81.64 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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156 Mark Avenue | MLS# 20261055966
This multi-family property located at 156 Mark Avenue , Pontiac, MI 48341 is currently listed for sale with an asking price of $279,900. Mark Avenue is located within the Pontiac school district. Search Pontiac real estate on james.griffithrealty.com today.