Pontiac, MI 48341,27 PALMER Street

$377,500

$350,000

7.9%
Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths

3,425 SqFt


SOLD DATE : 03/22/2024

Key Details

Sold Price $377,500

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,425 sqft

Price per Sqft $110

Subdivision Forest Lawn Add

MLS Listing ID 20240011456

Sold Date 03/22/24

Style Colonial

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

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

Zoning Multi-Family

Direction Head east on Huron towards Woodward. Turn right onto Palmer. The property is on the left.

Rooms

Basement Unfinished, Common

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Asbestos

Schools

School District Pontiac

Others

Pets Allowed No

Tax ID 1429358008

Ownership Short Sale - No,Private Owned

Assessment Amount $252

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Christopher Hubel of Good Company
Bought with Good Company
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130 W 5th Ave, Oak, MI, United States

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