$210,000
$199,900
5.1%For more information regarding the value of a property, please contact us for a free consultation.
23 FAIRGROVE ST Pontiac, MI 48342
3 Beds
3 Baths
2,418 SqFt
Key Details
Sold Price $210,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,418 sqft
Price per Sqft $86
Subdivision Oakland Co Agricultural Society'S Add
MLS Listing ID 2210043002
Sold Date 07/30/21
Style Colonial
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Year Built 1910
Annual Tax Amount $1,501
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 54x131x54x131
Property Description
Highest and Best offer be submitted by 6-23-21 at 8 p.m. EST Great Investment Opportunity! This beautiful building boasts gorgeous woodwork that has been preserved and it's breathtaking! This Tri-Plex property is priced to sell and currently has 1 occupant! Building offers (1) 1 bedroom unit, (2) 2 bedroom units, all with separate entrances. Common/shared basement with coin pay washer and dryer. This Tri-Plex offers plenty of outside storage space with its 36x25 historic barn with a spacious loft above that could be the perfect place for an awesome art studio. More than ample parking area. Current rental rates in the area could easily bring over $3,000/mo., which would bring the cap rate over 10%. Seller has had great success over the years attracting local medical students as tenants. The current lease, for one unit, is up for renewal in July. No access to unit #1 until home inspection. This is a registered rental property with the city of Pontiac. Furnishings available, if desired.
Location
State MI
County Oakland
Area Pontiac
Zoning Multi-Family
Direction Widetrack North on Saginaw East on Fairgrove
Rooms
Basement Unfinished
Interior
Interior Features Cable Available, High Spd Internet Avail, Laundry Facility, Utility Smart Meter, Furnished - Yes
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Awning/Overhang(s), Lighting
Garage Spaces 10.0
Roof Type Asphalt
Porch Porch - Covered, Porch
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 Wood
Schools
School District Pontiac
Others
Pets Allowed Yes
Tax ID 1429232023
Ownership Short Sale - No,Private Owned
Assessment Amount $189
Acceptable Financing Cash, Conventional
Rebuilt Year 2005
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 Realcomp II Ltd. Shareholders
Bought with EXP Realty LLC