156 Mark Avenue, Pontiac City, MI 48341
BAGLEY & MANNS · Oakland County
Key Facts
Description
Fantastic investment opportunity with this solid brick triplex in Pontiac, conveniently located near Telegraph and Elizabeth Lake Rd. The property includes two spacious 2-bedroom units, one currently occupied by Section 8 tenant paying $1,207 per month and the other unit is vacant with the previous tenant paying $1,250 per month. The third unit is a vacant basement studio with egress, offering an estimated rental potential of $750 per month. With all three units rented, the property has the potential to generate approximately $3,207 in monthly income, delivering an attractive projected cap rate of 11%. Additional features include a two-car garage for added tenant convenience. Showings are only for top unit and studio unit in basement
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Triplex
Year Built
1931
Living Area
2,654 sq ft
Lot Size
0.14 acres
Lot Dimensions
40X150
Days on Market
67
MLS® Listing#
20261029786
Property Features
Exterior
Appliances
Cooling
Heating
Basement
Pool
Parking
Laundry
Patio
Construction
Foundation
Roof
Community
Sewer
Water Source
Financial Details
Annual Taxes
$3,159
Assessed Value
$54,350
Parcel Number
1430427002
Directions
South of Elizabeth Lake, N of Huron, East of Telegraph
Affordability Calculator
$55,980
Estimated monthly payment
$1,490/mo
Principal $223,920 · Est. interest $312,388 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pontiac City, MI
- $236,215
- Median Listing Price
- 59
- Median Days on Market
- 1,500
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,292
- Active Listings
- This home’s price is 18% above the area median.
- Its price per sq ft is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pontiac City, MI.
Location
Points of Interest in Pontiac City, MI
Showing the Pontiac City area map.
Nearby Schools
PONTIAC Central High School
Secondary · 0.5 mi away
Sarah J Webber Media Arts Academy
School · 0.8 mi away
Arts and Technology Academy of PONTIAC
School · 0.8 mi away
PONTIAC Academy for Excellence
School · 0.8 mi away
Trinity Christian Academy
School · 1.1 mi away
Oakside Scholars
School · 1.2 mi away
Oakland Schools
Secondary · 1.2 mi away
Whitman Elementary School
Elementary · 1.2 mi away
Notre Dame Marist Academy Lower Division
School · 1.3 mi away
PONTIAC School District
School · 1.3 mi away
Childrens Village School
School · 1.3 mi away
Donelson Hills Elementary School
Elementary · 1.4 mi away
Great Lakes Academy
School · 1.4 mi away
Life Skills Center of PONTIAC
Secondary · 1.4 mi away
WHRC Elementary School
Elementary · 1.4 mi away
Alcott Elementary School
Elementary · 1.8 mi away
Waterford Mott High School
Secondary · 2.2 mi away
Jefferson Middle School
School · 2.2 mi away
Crary Middle School
School · 2.3 mi away
Durant High School
Secondary · 2.3 mi away
Commute Calculator
Nearby Homes
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|---|---|---|---|---|
| 709 Lansing Avenue, Jackson City, MI | $196,115 | 3 | 2 | 1,232 |
| 16595 Kentfield Street, Detroit City, MI | $196,499 | 3 | 2 | 1,462 |
| 18925 Roscommon Street, Harper Woods City, MI | $196,600 | 4 | 2 | 1,192 |
| 110 N Madison Avenue, Bay City City, MI | $196,900 | 3 | 2 | 2,090 |
| 1223 Parchmount Avenue, Parchment City, MI | $197,500 | 4 | 2 | 2,092 |
| 754 Olympia Street SW, Grand Rapids City, MI | $197,500 | 4 | 1 | 1,248 |
Moving Cost Estimate
EXIT Agents in Pontiac City
Listing Courtesy: National Realty Centers, Inc - 2484681444
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