15
See all 15 photos
$599,999
Est. payment /mo
6 Baths
0.46 Acres Lot
New
109 Cadillac Street Pontiac, MI 48342
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20261032530
HOA Y/N true
Year Built 1929
Annual Tax Amount $7,870
Lot Size 0.460 Acres
Acres 0.46
Lot Dimensions 180x120
Source Realcomp
Property Description
109 Cadillac St in Pontiac, MI presents a rare opportunity to acquire a truly one-of-a-kind multifamily investment property featuring six spacious 2-bedroom, 1-bath units, each offering approximately 825 square feet of living space. Every unit has its own private entrance and dedicated basement, creating a townhome-style feel that is highly desirable to tenants. What sets this property apart is that all six units are completely separately metered for gas, water, and electric, significantly reducing owner utility expenses and simplifying management. In addition, each unit has its own furnace, central air conditioning system, and hot water heater, giving tenants full control over their utilities and comfort. The property has seen extensive interior updates, including fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement also includes laundry hookups, adding convenience and additional tenant appeal. The roof is newer, helping minimize near-term capital expenses. Currently, five of the six units are occupied, with one unit intentionally left vacant to allow for easy walkthroughs and future leasing flexibility. At full occupancy, the property offers projected gross annual income of $90,000 a year, making this an exceptional turnkey investment opportunity with strong cash flow potential in the growing Pontiac market. PROPERTY FULLY APPROVED WITH THE PONTIAC HOUSING COMISH FOR THEIR VOUCHER PROGRAM.
Location
State MI
County Oakland
Zoning Commercial,Multi-Family
Direction Baldwin and Rundell
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Pontiac
Others
Tax ID 1420377012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition {"Other":true}
Listed by Oak and Stone Real Estate
NEARBY SCHOOL & BUSINESS