Property summary
Discover a prime investment opportunity in the heart of Pontiac with 16 E Lawrence, a fully leased and stabilized property featuring a complete gut rehab. This meticulously renovated project is designed to deliver long-term value and consistent returns. Enjoy your complimentary Pontiac Penthouse while other building tenants defray your cost of ownership. Key Highlights: Comprehensive Gut Rehab: Every aspect of the property has been meticulously upgraded, ensuring modern standards and quality throughout. New complete tear off roof. Newly installed high efficiency forced air furnaces and AC units for each unit. New camera security system. Building completely insulated with blown-in insulation. New front and side doors. New vertical plumbing. All new appliances, kitchen cabinets and restrooms. Refinished hardwood flooring Stabilized & Fully Leased: The property is currently fully occupied, providing immediate and steady cash flow. Diverse Tenant Mix: Featuring 2 retail tenants on the ground floor and 4 residential units above, this property offers a balanced income stream and reduced risk. This turnkey investment is ideal for those seeking a hassle-free addition to their portfolio with strong, dependable returns.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Pontiac market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning