27 Palmer Street

$377,500

27 Palmer Street, Pontiac, MI 48341 1771

Bathrooms

4
Sq.Ft.

3,425

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 propertyaEUR(tm)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.

Overview

Property Status

Sold

Lot Size

3,920.4 Sq.Ft.

MLS ID

60290041

Property Type

Residential

Year Built

1931

Are you interested?

Schedule a Tour

or

Christopher Hubel

(248) 568-6030 [email protected]

Features & Amenities

Neighborhood

Pontiac

Architecture Styles

Colonial

Stories

2

Water Source

Public

Heat Type

Forced Air

Sewer

Public Sanitary

Substructure

Basement

School District

Pontiac City School District

Sales Price

$377,500

Real Estate Tax

$2,755/yr

27 Palmer Street

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