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About This Home

This 4-bedroom, 6-bathroom single family at 109 Cadillac Street in Pontiac, MI is listed for $599,999 ($141 per sqft). Built in 1929, the home offers 4,256 sqft of living space on a 0.46 acres lot.

Agent Description

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.

Key Features

  • Built in 1929
  • 0.46 acre lot

Property Details

1 story
6 full
1929

Amenities

A/C

Monthly Cost Estimate

$3,209/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

109 Cadillac Street

Pontiac, MI 48342

Fairview -Avon Township

Features & Amenities

Interior Features

Laundry Facility

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Ceiling Fan(s)Central Air

Questions & Answers

This 4-bedroom, 6-bathroom single family at 109 Cadillac Street is listed at $599,999 ($141/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.

Key features include: Built in 1929, 0.46 acre lot. Interior Features: Laundry Facility.

This property is listed by Parker McInnis and can be reached at (248) 705-0175 or parker@forged-homes.com.

PM

Parker McInnis

Agent at Oak and Stone Real Estate

(248) 705-0175

Listed by Oak and Stone Real Estate · View on Broker Site

MLS# 20261032530· Source: listhub· Updated 25 days ago

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109 Cadillac Street, Pontiac, MI 48342

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