27 Palmer Street
Pontiac, MI 48341
- – beds
- 4 baths
- 3,425 sqft
- 3,920 sqft lot
- $110 per sqft
- 1931 build
- – on site
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*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 property’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.
Listing courtesy of REALCOMP / Good Company
Last checked:
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Last updated Nov 24, 2024
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MLS# 20240011456 —
The Building
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Year Built:1931
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Construction Materials:Asbestos
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Architectural Style:Colonial
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Foundation:Block
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Foundation Details:Basement
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# of Units Total:4
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Stories:2 Story
Interior
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Basement:Yes
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Basement Type:Unfinished, Common
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Fireplace:No
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Total:3,425 Sqft
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Total Combined:3,425 Sqft
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Total Basement:1,721 Sqft
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions:Head east on Huron towards Woodward. Turn right onto Palmer. The property is on the left.
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Directions From North South Detail:Huron & Woodward
The Property
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Property Type:Multifamily
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Parcel Number:1429358008
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Zoning:Multi-Family
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Homestead:No
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Lot Size Dimensions:80x150
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Lot Size Area:0.09
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Frontage Feet:150
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Pool:No
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Waterfront:No
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (947) 414-0378
- Office phone:
- (248) 733-5811
Taxes
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Total Taxes:$2,755
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Tax Amount Summer:$2,422
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Tax Amount Winter:$333
Baths
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Total Baths:4
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Full Baths:4
The Listing
Heating & Cooling
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Heating:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary)
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Water Source:Public (Municipal)
Schools
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School District:Pontiac
The Community
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Subdivision Name:FOREST LAWN ADD
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Pets Allowed:No
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Assessment:252.00
Extra Units
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Unit Count:1
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Unit Two Bed Number Of:4
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2024 Realcomp II Ltd. Shareholders
Good Company
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/22/24
Mar 22, 2024
|
Sold | REALCOMP | $377,500 | 7.9% |
3/4/24
Mar 4, 2024
|
Pending | REALCOMP | $350,000 | |
2/26/24
Feb 26, 2024
|
Listed / Active | REALCOMP | $350,000 |