16 E Lawrence St Pontiac, MI 48342
Stabilized, fully leased mixed-use property with diverse tenant mix.
Type:Mixed Use, Multifamily, Office, Retail
Property size:
7,500 SF- Added:
- Sep 4, 2024
- Days on Market:
- 580
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 16 E Lawrence St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Mixed Use, Multifamily, Office, Retail
Listing agent Loren Guzik License #481-012651
Listing office Pike Street Properties
Listing date Sep 4, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Pike Street Properties
Overview
Fully Leased Pontiac Investment Property
Located in Pontiac, 16 E Lawrence St presents an investment opportunity. This fully leased and stabilized property has undergone a complete gut rehab. The property features a new complete tear-off roof. The boiler has been completely rehabbed with inside and outside thermostat and radiator controls. A new camera security system has been installed. The building has been completely insulated with blown-in insulation. New front and side doors have been added, along with new vertical plumbing. All new appliances, kitchen cabinets, and restrooms have been installed, and the hardwood flooring has been refinished. The property is currently fully occupied, providing cash flow. The diverse tenant mix includes 2 retail tenants on the ground floor and 4 residential units above. The property size is 7500 square feet.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2913531
- Latitude
- 42.6376451
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Stabilized, fully leased mixed-use property with diverse tenant mix.
Where is this mixed-use property located?
The property is located at 16 E Lawrence St Pontiac, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully leased and stabilized property providing immediate and steady cash flow.; **Comprehensive gut rehab ensures modern standards and quality throughout the building.**; Diverse tenant mix (2 retail, 4 residential) offers a balanced income stream and reduced risk.
