Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and… Read More the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL Read Less
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of Brookstone, Realtors LLC, 248-963-0505, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
132
Last Updated
Property Type
Multi-Family
Square Ft.
1,620
Lot Size
0.16 Acres
MLS Number
60976670
Additional Details
Property Access
Paved Street
Basement
Poured, Stone
Building
1,620 square feet, 2 total units, Built in 1910, Separate heat?: Yes, Style: 2 Story, Colonial
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Mortgage Calculator
Monthly Payment
$0
(Source: Home Junction)
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