Pontiac, MI 48341 1771,27 PALMER Street
Pontiac, MI 48341 1771,27 PALMER Street
Pontiac, MI 48341 1771,27 PALMER Street
26
$377,500
$350,000
7.9%
Est.Price: ?

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4 BA
3,425 SqFt

27 PALMER Street Pontiac, MI 48341 1771

Est. payment /mo
SOLD DATE : 03/22/2024

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Key Details

Sold Price $377,500

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,425 sqft

Price per Sqft $110

Subdivision Mi

MLS Listing ID 60290041

Sold Date 03/22/24

Style 2 Story

Full Baths 4

Year Built 1931

Annual Tax Amount $2,755

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 80x150

Property Description

*Multiple offers received* Highest & best offers are due by 8 am on Monday 03/04/2024. Discover the perfect blend of historical charm and modern sophistication with this meticulously renovated 4-unit multifamily home, situated in the heart of Pontiac's prestigious Franklin Boulevard Historic District. This exceptional property represents a rare investment opportunity. Each of the four units, approximately 700 sqft each have been updated with luxurious finishes including durable laminate flooring, elegant granite countertops, and sophisticated marble tiling in the bathrooms. The inclusion of all new appliances in each unit adds significant value, ensuring convenience and efficiency for everyday living. Additionally, the basement features four brand new furnaces, water heaters, and electrical panels, representing a major upgrade to the property’s infrastructure for safety and functionality. An attractive aspect of this investment is the potential for each unit to bring in approximately $1,300 in rent monthly, offering a strong income stream for the prospective owner. This projected rental income underscores the property's significant investment potential, bolstered by its prime location, luxurious updates, and modern amenities. Don't miss this rare opportunity to own or invest in a piece of Pontiac's history with all the modern upgrades, providing an unmatched value and potential for any investor.

Location

State MI

County Oakland

Area Pontiac (63142)

Zoning Multi-Family

Rooms

Basement Block, Common

Interior

Heating Forced Air

Fireplace No

Exterior

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Schools

School District Pontiac City School District

Others

Ownership Private

Assessment Amount $252

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Good Company
Bought with LPS

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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