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Property Description

*Multiple offers received*
Highest & best offers are due by 8 am on Monday 03/04/2024. Discover the perfect blend of historical charm and modern sophistication with this meticulously renovated 4-unit multifamily home, situated in the heart of Pontiac's prestigious Franklin Boulevard Historic District. This exceptional property represents a rare investment opportunity. Each of the four units, approximately 700 sqft each have been updated with luxurious finishes including durable laminate flooring, elegant granite countertops, and sophisticated marble tiling in the bathrooms. The inclusion of all new appliances in each unit adds significant value, ensuring convenience and efficiency for everyday living. Additionally, the basement features four brand new furnaces, water heaters, and electrical panels, representing a major upgrade to the property's infrastructure for safety and functionality.

An attractive aspect of this investment is the potential for each unit to bring in approximately $1,300 in rent monthly, offering a strong income stream for the prospective owner. This projected rental income underscores the property's significant investment potential, bolstered by its prime location, luxurious updates, and modern amenities. Don't miss this rare opportunity to own or invest in a piece of Pontiac's history with all the modern upgrades, providing an unmatched value and potential for any investor.

Overview

Property Status
Sold
Lot Size
3,920.4 Sq.Ft.
MLS ID
20240011456
Property Type
Multi-Family
Year Built
1931

Features & Amenities

Neighborhood
Pontiac
Architecture Styles
Colonial
Stories
2
Water Source
Public
Pool
None
Heat Type
Forced Air, Natural Gas
Air Conditioning
None
Sewer
Public Sewer
Substructure
Block
School District
Pontiac
Sales Price
$377,500
Real Estate Tax
$2,755/yr
Zoning
MultiFamily

Downloads

27 PALMER Street

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    License #6501406271

    (248) 568-6030
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