MI > Oakland > Pontiac > 140 Summit Street

For Sale Pending

140 Summit Street Map / directions

Pontiac, MI

48342 Market info

$250,000

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  • 4 Units
  • 2,279 SqFt
  • MLS# 20250016309
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Great Investment Opportunity! This 4-unit brick apartment building comes with two additional vacant lots, offering potential for expansion or added value. Three units currently leased and producing $2,985 in monthly rental income as-is. Owner covers all utilities, with 1 water heater and 2 furnaces servicing the property. Apartment 4 has been freshly painted and is ready for a new tenant. Some deferred maintenance: oven in Unit 1 and dishwasher need repair. Owner owns fridge, stove and dish. The property has a strong rental history with a consistent rent roll, and the vacant unit may have a tenant soon. Unit 4 could have an agency placed (like section 8) tenant if the buyer would like. FHA/VA financing may be considered; however, some properties may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. Possible package deal available—seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 1380 College Ave, Lincoln Park, MI 48146. Don't miss this chance to own a multi-unit property with extra land for future opportunities!

Property Information

Status
Pending 
Address
140 Summit Street 
City
Pontiac 
Zip
48342 
Year Built
1930 
Style
Quadruplex 
Possession
Subject To Tena 
Architecture
2 Story 
Listing Date
03/13/2025 
List Price
$250,000
Subdivision
Drexel Heights Add 
County
Oakland 
Total Lower SqFt
1,060 
Above Grade SqFt
2,279 
Total No of Units
4 

School Information

School District
Pontiac 

Taxes

Summer Taxes
$2,623 
Winter Taxes
$334 

Rooms and Land

Lot Dimensions
40X100X40X100 
Total Acres
0.12 

Features

Style
Quadruplex 
Exterior Features
Lighting 
Basement
Unfinished 
Heating
Forced Air, Natural Gas 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20250016309 Pending Active Apr 15 2025 5:10PM 3
20250016309 Active Pending Apr 15 2025 3:36PM 3
20250016309 Pending Contingency Apr 4 2025 9:05AM 3
20250016309 Contingency Active Mar 16 2025 10:05AM 3
20250016309 Active Mar 13 2025 2:36PM $250,000 3
2210006419 Sold Pending Apr 12 2021 12:10PM $210,000 129
2210006419 Pending Active Feb 23 2021 10:38AM 129
2210006419 Active Contingency Feb 3 2021 10:37AM 129
2210006419 Contingency Jan 29 2021 4:08PM $199,900 129
2200086320 Contingency Active Jan 25 2021 2:08PM 52
2200086320 Active Pending Jan 25 2021 11:37AM 52
2200086320 Pending Active Dec 28 2020 5:06PM 52
2200086320 Active Pending Dec 22 2020 1:44PM 52
2200086320 Pending Active Dec 17 2020 10:13AM 52
2200086320 Active Pending Nov 16 2020 9:37PM 52
2200086320 Pending Active Oct 28 2020 3:37PM 52
2200086320 Active Oct 16 2020 6:08PM $199,900 52
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of S&p Realty
(734) 333-7219
Office Address 15324 Mack Ave Ste. 702

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Our Michigan real estate agents can answer all of your questions about 140 Summit Street, Pontiac MI 48342. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Pontiac, Michigan real estate market. To sell or buy a home in Pontiac, Michigan, contact our real estate agents as we know the Pontiac, Michigan real estate market better than anyone with over 100 years of experience in Pontiac, Michigan real estate for sale.

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140 Summit Street Pontiac
Contact us
$250,000
For Sale • No. of Units: 4