138 Palmer Street, Pontiac, Michigan 48341

$25,000

Property Details

MLS#: 20261068221
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,034
Price per Sqft: $24
Lot Size: 0.26 acres
Year Built: 1875
Property Type: Residential
Status: Active
Days on Market: 1

Description

Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential. The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation. DEAL SNAPSHOT ?? Purchase Price: $20,000 ?? Estimated ARV: Approx. $170,000 ?? Gross Spread Before Rehab & Expenses: $150,000 ?? 3 Bedrooms | 1 Bathroom ?? Approx. 1,034 Sq. Ft. ?? Approx. 0.26-Acre Lot ?? Full Gut Rehab THE OPPORTUNITY This is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor. Potential strategies include: Fix & Flip BRRRR Renovate & Hold Long-Term Rental At a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the property's projected finished value. Property sold strictly AS-IS. Seller will make no repairs. Cash or appropriate investor/renovation financing preferred. Buyer and buyer's agent to independently verify all information, including property condition, square footage, lot dimensions, taxes, utilities, zoning, permits and renovation requirements. Estimated ARV is provided for investment analysis purposes only and is not a guarantee of appraisal, resale price or investment return.

Location

This property is located in Pontiac, Michigan. Pontiac is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 138 Palmer Street?

138 Palmer Street is listed at $25,000, or $24 per square foot.

How many bedrooms does 138 Palmer Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,034 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com