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523 N Saginaw Street

Pontiac, MI 48342
  • $69,900
  • STATUS: Active
  • ON SITE: 153 Days
  • ID#: 2220006353
UPDATED: 89 min ago
$69,900
  • 0
    BEDS
  • 0.31
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,639
    SQFT
  • $43
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Area:
Zoning:
Residential
Lot Size Dimensions:
70.00X192.00

School Ratings & Info

School District:

Description

Back on the market. Buyer's financing fell through. Positive cash flowing duplex in Pontiac. Lower unit has 2 bedrooms and 1 bath with a new tenant. Upper unit has 1 bedroom and 1 bath with a long-term tenant. Each unit has a stove, refrigerator, and on-site parking. Current leases are through 2022. Investment metrics: GRM 5.3, Cap Rate 8.8%, NOI 47%. Showings with an accepted offer. BATVAI.

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IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-02T23:57:48.07.
www.dannovakproperties.com/homes/125200607
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523 N Saginaw Street Pontiac, MI 48342

  • Price: $69,900
  • Status: Active
  • On Site: 153 Days
  • Updated: 89 min ago
  • ID#: 2220006353
0
Beds
2
Baths
0
½ Baths
0.31
Acres
1,639
SQFT
$43
$/SQFT
1910
Built
Neighborhood:
Assr's Plat No 10 - City Of Pontiac
County:
Oakland
Area:
Pontiac
School District:
PONTIAC
Property Description
Back on the market. Buyer's financing fell through. Positive cash flowing duplex in Pontiac. Lower unit has 2 bedrooms and 1 bath with a new tenant. Upper unit has 1 bedroom and 1 bath with a long-term tenant. Each unit has a stove, refrigerator, and on-site parking. Current leases are through 2022. Investment metrics: GRM 5.3, Cap Rate 8.8%, NOI 47%. Showings with an accepted offer. BATVAI.
Exterior Features

Architecture Level 2 Story Architecture Style ColonialDuplex Construction Materials Vinyl Exterior Features Lighting Foundation Details BasementMichigan Basement Foundation Materials Block Lot Size Dimensions 70.00X192.00 Multifamily Parking Assigned SpacesPaved Pool YN No Road Frontage Feet 70 Road Frontage Type Paved Roof Material Asphalt Side Of Street W Waterfront YN No

Interior Features

Basement Type Interior Entry (Interior Access)Unfinished Basement YN Yes Baths Total 2.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Interior Features High Spd Internet AvailLaundry FacilityCable Available Laundry Facilities YN Yes Living Area Source Public Records Sq Ft Combined 1639 Sq Ft Total Basement 841 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

Property Features

Assessment 0 Down Payment Resource YN Yes Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 13200.00 Homestead YN No Income Projection Actual Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventionalWarranty Deed Monthly Rental Income 1100 Net Operating Income 6200.00 Number Of Units Leased 2 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Pontiac Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 927.0000 Tax Amount Winter 157.0000 Title Standard (Private) Total Tax 1084.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 523 N Saginaw Street Water Source Public (Municipal) Zoning Residential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Good Company: (248) 733-5811 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-02T23:57:48.07.
 
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