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About This Home
This 4-bedroom, 3-bathroom residential multi family at 156 Mark Avenue in Pontiac, MI is listed for $279,900 ($151 per sqft). Built in 1931, the home offers 1,854 sqft of living space on a 0.14 acres lot.
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.
Key Features
- Built in 1931
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,497/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
156 Mark Avenue
Pontiac, MI 48341
Bagley & Manns
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 156 Mark Avenue is listed at $279,900 ($151/sqft). The estimated monthly payment is $1,213 based on 20% down at 6.5% interest.
Key features include: Built in 1931, 0.14 acre lot, 2 stories.
This property is listed by Michael Cash and can be reached at (734) 432-2002 or michael.allen.cash@gmail.com.
