




156 Mark Ave, Pontiac, MI, 48341
4beds
2baths
2,654sqft
$299,000
$113price/sqft
$2,487/moest. monthly cost
$99,480/yrincome needed
About This Home
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, both currently occupied by Section 8 tenants paying $1,250 and $1,207 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 available upon accepted offer only.
Getting Around
51
0
43
Schools
3/10
3/10
3/10
Construction
Condition
- Year built: 1931
Materials
- Foundation: Basement,Block
- Roof: Asphalt
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Washer Hookup
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 3
Features
- Finished area below ground: 800
- Finished area above ground: 1,854
Heating
- Heating features: Baseboard,Hot Water,Natural Gas
Interior Area
- Total interior livable area: 2,654 sqft
Property
Details
- Parcel number: 1430427002
- Zoning description: Residential
- Special condition: Short Sale No,Standard
- Exclusions: Exclusion(s) Do Not Exist
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Covered,Porch
- Exterior features: Balcony
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 40 x 150
Parking
- Parking features: Garage
- Has garage: Yes
