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$ 540,000
Est. payment | /mo
20,175 SqFt
$ 540,000
Est. payment | /mo
20,175 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Pending
Purchase Type For Sale
Square Footage 20,175 sqft
Price per Sqft $26
Subdivision Grand View- Pontiac
MLS Listing ID 20251032199
Year Built 1930
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type RealEstateOnly
Property Description
Incredible opportunity to own a 29 unit apartment building in Pontiac. This property has been completely gutted and is ready for your vision and construction. With brand new water lines already installed and all plans approved by the city, the project is set up for a smooth transition and the approved plans will be provided to the new buyer. The building offers massive potential for rental income and the ability to create long term generational wealth. Included in the sale is an additional lot directly across the street, adding even more value and future possibilities. Priced below appraised value, this is a rare chance to secure a large scale project with endless upside. Selling for under $95,000 appraised AS IS Value.
Location
State MI
County Oakland
Area Area02142Pontiac
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Other
New Construction No
Schools
School District Pontiac
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
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Listed by Amer Bally of ICON Realty Experts, LLC