Property profile

16 E Lawrence St Pontiac, MI 48342

FOR SALE
Mixed-use properties
Property ID
US43-1401375
7,500 SF
Entity Owned 6-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Mixed-use properties
Total area 7,500 SF
UPID US43-1401375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 E Lawrence St Pontiac, MI 48342
Pontiac metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2019
2 recorded transactions
2021
Price N/A
2019
$372,345

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message