Pontiac, MI 48342,140 SUMMIT Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
13
May
Wed
14
May
Thu
15
May
$ 250,000
Est. payment | /mo

4 Beds

4 Baths

2,279 SqFt


Save
$ 250,000
Est. payment | /mo
Save

4 Beds

4 Baths

2,279 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,279 sqft

Price per Sqft $109

Subdivision Drexel Heights Add

MLS Listing ID 20250016309

Style Quadruplex

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1930

Annual Tax Amount $2,957

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40X100X40X100

Property Sub-Type Quadruplex

Property Description

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!

Location

State MI

County Oakland

Area Pontiac

Zoning Multi-Family

Direction S of W Montcalm St / E of Baldwin Ave

Rooms

Basement Unfinished

Interior

Interior Features Laundry Facility

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Lighting

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Quadruplex

Level or Stories 2 Story

Structure Type Aluminum,Brick

Schools

School District Pontiac

Others

Pets Allowed Yes

Tax ID 1420311005

Ownership Short Sale - No,Private Owned

Assessment Amount $252

Acceptable Financing Cash, Conventional, FHA, VA

Rebuilt Year 2021

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Realcomp MLS
Listed by T J Brisbois of S&P Realty
agent-avatar

+1(248) 877-1011

broadwell@realmilife.com

6060 Dixie Hwy, Clarkston, MI, 48346, USA

GET MORE INFORMATION

Name
Phone*
Message

I agree to be contacted by Real Michigan Life via call, email, and text. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply. Privacy Policy