16 E Lawrence St, Pontiac, MI 48342
For Sale
1 / 19
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. Boiler completely rehabbed with inside/outside thermostat and radiator controls. 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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.