156 Mark Avenue, Pontiac, Michigan 48341

$279,900

Property Details

MLS#: 20261055966
Bedrooms: N/A
Bathrooms: 3
Square Feet: 2,654
Price per Sqft: $105
Lot Size: 0.14 acres
Year Built: 1931
Property Type: ResidentialIncome
Status: Active
Days on Market: 2

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

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 156 Mark Avenue?

156 Mark Avenue is listed at $279,900, or $105 per square foot.

How many bedrooms does 156 Mark Avenue have?

This property has N/A bedrooms and 3 bathrooms, with 2,654 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

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