31 Allison St Pontiac, MI 48342

This compelling investment opportunity presents a three-story, five-unit multifamily building located at 31 Allison St, Pontiac, MI 48342. The property, built in 1965, boasts a total of 3,746 square feet of net rentable space, situated on a 0.13-acre lot (APN 1429183007). Currently generating a robust monthly rental income of $3,680 through five leased units (one 1-bedroom unit renting for $500, and two 2-bedroom units each renting for $695 and $895 respectively), this property offers significant income potential. The building features forced-air, natural gas heating, public sewer and water, and aluminum siding. The foundation is a poured basement. Convenient parking is located behind the building. The property is zoned for multi-family residential use. The tax assessed value is $73,080, with annual taxes totaling $2,421. The asking price is $299,900, resulting in a price per square foot of $80.06. This property represents a strong addition to any investment portfolio. Further details are available upon request.