$134,950
$139,950
3.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,354 SqFt
SOLD DATE : 04/20/2021
Key Details
Sold Price $134,950
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,354 sqft
Price per Sqft $57
Subdivision Drexel Heights Add
MLS Listing ID 2210010811
Sold Date 04/20/21
Style Colonial
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Year Built 1920
Annual Tax Amount $1,410
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00X130.00
Property Description
Great Investment Opportunity! This 3-Plex property is priced to sell and currently at 100% occupancy! This 3-Plex offers (1) 3 bedroom unit and (2) 1 bedroom units. This 3-Plex also offers a common/shared basement. Located on 2 parcels, this 3-Plex has plenty of outside yard space and a large parking area. Rent currently includes gas, electric and water. A buyer can easily increase Net Income by having tenants pay their own utilities. Each unit is separately metered. Currently priced at a 7% CAP with the potential to increase to a 13% CAP by enforcing tenants to pay their own utilities. Currently, leases are all month to month. Don't miss out, this property is very desirable!
Location
State MI
County Oakland
Area Pontiac
Zoning Residential
Direction N. off Woodward Avenue to Summit Street.
Rooms
Basement Common
Interior
Hot Water Natural Gas
Heating Forced Air, Zoned
Heat Source Natural Gas
Exterior
Pool No
Roof Type ENERGY STAR® Shingles
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick,Wood
Schools
School District Pontiac
Others
Pets Allowed Yes
Tax ID 1420311004
Ownership Short Sale - No,Private Owned
Assessment Amount $189
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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