31 Allison St Pontiac, MI 48342
- Commercial real estate
- 3,746 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 31 Allison St
- Year built
- 1965
- Lot size
- 0.13 lot acres
- Property size
- 3,746 SF
- Property type
- Commercial real estate
- APN
- 1429183007
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2998649
- Latitude
- 42.6439482
