$﹡﹡﹡﹡﹡(Non-Disclosure)

Est. payment - /mo

6 Baths

4,256 SqFt

UPDATED:

Key Details

Sold Price Non-Disclosure

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 4,256 sqft

Price per Sqft $129

Subdivision Fairview -Avon Township

MLS Listing ID 20261032530

Sold Date 08/28/26

Style Ranch

Full Baths 6

Year Built 1929

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type MultiFamily

Property Description

109 Cadillac St in Pontiac, MI presents a rare opportunity to acquire a truly one-of-a-kind multifamily investment property featuring six spacious 2-bedroom, 1-bath units, each offering approximately 825 square feet of living space. Every unit has its own private entrance and dedicated basement, creating a townhome-style feel that is highly desirable to tenants. What sets this property apart is that all six units are completely separately metered for gas, water, and electric, significantly reducing owner utility expenses and simplifying management. In addition, each unit has its own furnace, central air conditioning system, and hot water heater, giving tenants full control over their utilities and comfort. The property has seen extensive interior updates, including fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement also includes laundry hookups, adding convenience and additional tenant appeal. The roof is newer, helping minimize near-term capital expenses. Currently, five of the six units are occupied, with one unit intentionally left vacant to allow for easy walkthroughs and future leasing flexibility. At full occupancy, the property offers projected gross annual income of $90,000 a year, making this an exceptional turnkey investment opportunity with strong cash flow potential in the growing Pontiac market. PROPERTY FULLY APPROVED WITH THE PONTIAC HOUSING COMISH FOR THEIR VOUCHER PROGRAM.

Location

State MI

County Oakland

Area Area02142Pontiac

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fans, Central Air

Fireplace No

Laundry InUnit

Exterior

Parking Features Assigned, ParkingLot

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Pontiac

Others

Senior Community false

Acceptable Financing Cash, Conventional, Trade1031Exchange, WarrantyDeed

Listing Terms Cash, Conventional, Trade1031Exchange, WarrantyDeed

Special Listing Condition AgentOwned, ShortSaleNo

Pets Allowed Yes

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Listed by Parker McInnis of Oak and Stone Real Estate
Bought with The Stephan Group

Nearby School & Business

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James Carpenter

+1(313) 215-2127

Agent License ID: 6501382977

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109 Cadillac ST Pontiac, MI 48342