138 Palmer Street, Pontiac, MI 48341 1744
138 Palmer Street, Pontiac, MI 48341 1744
138 Palmer Street, Pontiac, MI 48341 1744
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Jackie Jones Kapuscinski

Jackie Jones Kapuscinski

+1(419) 260-2806
$ 25,000
Est. payment | /mo

3 Beds

1 Bath

1,034 SqFt

Save
$ 25,000
Est. payment | /mo
Save

3 Beds

1 Bath

1,034 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,034 sqft

Price per Sqft $24

Subdivision Assrs 70 - City Of Pontiac

MLS Listing ID 61024536

Style 2 Story

Bedrooms 3

Full Baths 1

Abv Grd Liv Area 1,034

Year Built 1875

Annual Tax Amount $788

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 94.2X120

Property Sub-Type Single Family

Property Description

Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential. The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation. DEAL SNAPSHOT ?? Purchase Price: $20,000 ?? Estimated ARV: Approx. $170,000 ?? Gross Spread Before Rehab & Expenses: $150,000 ?? 3 Bedrooms | 1 Bathroom ?? Approx. 1,034 Sq. Ft. ?? Approx. 0.26-Acre Lot ?? Full Gut Rehab THE OPPORTUNITY This is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor. Potential strategies include: Fix & Flip BRRRR Renovate & Hold Long-Term Rental At a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the property's projected finished value. Property sold strictly AS-IS. Seller will make no repairs. Cash or appropriate investor/renovation financing preferred. Buyer and buyer's agent to independently verify all information, including property condition, square footage, lot dimensions, taxes, utilities, zoning, permits and renovation requirements. Estimated ARV is provided for investment analysis purposes only and is not a guarantee of appraisal, resale price or investment return.

Location

State MI

County Oakland

Area Pontiac (63142)

Rooms

Basement Unfinished

Interior

Heating Forced Air

Exterior

Parking Features Detached Garage

Garage Spaces 1.5

Garage Yes

Building

Story 2 Story

Foundation Basement, Michigan Basement

Water Public Water

Architectural Style Colonial

Structure Type Vinyl Siding

Schools

School District Pontiac City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,FHA 203K

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main

NEARBY SCHOOLS & PROPERTIES

Jackie Jones Kapuscinski

"I am here to help you every step of the way. Whether you are a first time home buyer or an experienced home owner, my goal is to make the process stress free and help you find the home of your dreams."

+1(419) 260-2806

jackie@jackiejonesrealtor.com

1910 IndianWood Circle, Maumee, OH 43537, USA

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138 Palmer Street