$599,999
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109 Cadillac ST Pontiac, MI 48342
6 Baths
4,256 SqFt
Key Details
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
Architectural Style Ranch
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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