Pontiac Homes with 1031 Exchange Financial terms

Pontiac Homes with 1031 Exchange Financial terms

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Newest Pontiac Homes with 1031 Exchange Financial terms

$599,999
ACTIVE UNDER CONTRACT Status 6 Baths 60990865 MLS
109 Cadillac St in Pontiac, MI presents a rare opportunity to acquire a truly one-of-a-kind multifamily investment property featuring six spacious 2-bedroom, 1-bath units, each offering approximately 825 square feet of living space. Every unit has its own private entrance and dedicated basement, creating a townhome-style feel that is highly desirable to tenants. What sets this property apart is that all six units are completely separately metered for gas, water, and electric, significantly reducing owner utility expenses and simplifying management. In addition, each unit has its own furnace, central air conditioning system, and hot water heater, giving tenants full control over their utilities and comfort. The property has seen extensive interior updates, including fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement also includes laundry hookups, adding convenience and additional tenant appeal. The roof is newer, helping minimize near-term capital expenses. Currently, five of the six units are occupied, with one unit intentionally left vacant to allow for easy walkthroughs and future leasing flexibility. At full occupancy, the property offers projected gross annual income of $90,000 a year, making this an exceptional turnkey investment opportunity with strong cash flow potential in the growing Pontiac market. PROPERTY FULLY APPROVED WITH THE PONTIAC HOUSING COMISH FOR THEIR VOUCHER PROGRAM.

109 Cadillac Street, Pontiac

Listing Courtesy of Oak and Stone Real Estate, Office Phone: 248-266-0584

$250,000
ACTIVE Status 4 Beds 2 Baths 60976875 MLS
Welcome to this beautiful spacious and versatile 4-bedroom, 2 full-bath home offering incredible value! Featuring two full kitchens, this property provides flexible living options perfect for extended family, multi-generational living, or potential rental opportunities. The full basement adds even more usable space for storage, entertaining, or future finishing. Outside, you'll find a 2.5-car detached garage with full power and a generously sized yard, ideal for additional parking, hobbies, or outdoor gatherings. Conveniently located near Downtown Pontiac, Great Lakes Crossing, restaurants, M-59, and I-75 a, this home combines space, functionality, and affordability all in one. Don't miss this unique opportunity schedule your showing today! Home warranty included for 1 year worry free maintenance. Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

398 N Saginaw Street, Pontiac

Listing Courtesy of Brookstone, Realtors LLC, Office Phone: 248-963-0505

$250,000
ACTIVE Status 2 Baths 60976670 MLS
Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

398 N Saginaw Street, Pontiac

Listing Courtesy of Brookstone, Realtors LLC, Office Phone: 248-963-0505

$115,000
ACTIVE Status 2 Beds 1 Baths 60972455 MLS
six properties in Pontiac that are being sold as a package or can be bought individually. There is plenty of upside to increase rents. Right now they are all way below market value. These properties are currently tenant occupied. There will be no showing until there is an accepted offer. 1. 643 E. Mansfield Pontiac, Michigan. property is worth anywhere from $125,000-$140,000. Monthly rent is $750 and the yearly taxes are $900 2. ? 18 S. Eastway Pontiac, Michigan property is worth anywhere from $170,000 to $185,000 monthly rent is $750 and the year taxes are $810six properties in Pontiac that are being sold as a package or can be bought individually. There is plenty of upside to increase rents. Right now they are all way below market value. These properties are currently tenant occupied. There will be no showing until there is an accepted offer. 1. 643 E. Mansfield Pontiac, Michigan. property is worth anywhere from $125,000-$140,000. Monthly rent is $750 and the yearly taxes are $900 2. ? 18 S. Eastway Pontiac, Michigan property is worth anywhere from $170,000 to $185,000 monthly rent is $750 and the year taxes are $810 3. ? 29 W. Rutgers Pontiac, Michigan property is worth anywhere from $150,000-$170,000 monthly rent is $900 and the yearly taxes are. $1230 4. ? 82 Earlmoor Blvd., Pontiac, properties worth anywhere from $130,000-$150,000 monthly rent is $700 and the yearly taxes are $790 5. ?300 E Princeton Pontiac, property is worth anywhere from $140,000-$160,000 monthly rent is $945 and the yearly taxes are $1200 6. ? 647 E. Mansfield Pontiac, properties worth anywhere from $110,000-$130,000 monthly rent is $1000 and the yearly taxes are $730 possible airbnb investment property with tremendous upside also flip opportunity 3. ? 29 W. Rutgers Pontiac, Michigan property is worth anywhere from $150,000-$170,000 monthly rent is $900 and the yearly taxes are. $1230 4. ? 82 Earlmoor Blvd., Pontiac, properties worth anywhere from $130,000-$150,000 monthly rent is $700 and the yearly taxes are $790 5. ?300 E P

647 E Mansfield Avenue, Pontiac

Listing Courtesy of Brookstone, Realtors LLC, Office Phone: 248-963-0505

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