MLS Public Remarks 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!
http://www.www.realestateone.com.com/20250016309
Township Pontiac
Directions S of W Montcalm St / E of Baldwin Ave
Fin Below Grd SqFt 0
Fin Non Exposed SqFt 1,060
Total Fin SqFt 2,279
Price/SqFt $110
Unfinished SqFt 0
Above Grade Finished SqFt 2,279
CDOM 3
Sub Property Type Multifamily
Year Built 1930
Days on Market 3
Land Assessment -
Improvements $250000
Net Taxes $2957
Acreage 0.12
Taxes -
Tax Year -
Summer Taxes $2623
School District Pontiac
Winter Taxes $334
Subdivision Drexel Heights Add
Lower Level Square Footage 0
Waterview N
Number of Units 4
Waterfront N
For Lease/Rent N
Est. Total Acres 0.12
Lot Dimensions 40X100X40X100
WaterFrontage
0
Heating Forced Air, Natural Gas
Water Public (Municipal)
Basement Y
Heating Forced Air, Natural Gas
Garage 0.0
Architecture 2 Story
Basement details Unfinished
Sewer Public Sewer (Sewer-Sanitary)
Exterior Features Lighting
Home Style Quadruplex
Possession Subject To Tena
Exterior Materials Aluminum, Brick
Status Change Date 04/15/2025
Listing Date 03/13/2025
Internet/IDX Y
Pending Date 04/02/2025
Named Exceptions Y
Listing Office
S&p Realty
Office Address
15324 Mack Ave Ste. 702
Listing Number
20250016309
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Tuesday, May 13, 2025. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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