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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
WalkingSomewhat Walkable
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

3/10
3/10
Pontiac Middle SchoolGrades 6-82.9 mi
3/10
Pontiac High SchoolGrades 9-122.9 mi

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