MI > Pontiac > Drexel Heights Add
Pontiac, MI 48342,140 SUMMIT Street
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Katie Wright

Katie Wright

ReMax Eclipse

+1(248) 403-3182
$ 250,000
Est. payment /mo
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Pending

140 SUMMIT Street Pontiac, MI 48342

4 Beds

4 Baths

2,279 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,279 sqft

Price per Sqft $109

Subdivision Drexel Heights Add

MLS Listing ID 20250016309

Style Quadruplex

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1930

Annual Tax Amount $2,957

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40X100X40X100

Property Sub-Type Quadruplex

Property Description

Great Investment Opportunity! This 4-unit brick apartment building comes with two additional vacant lots, offering potential for expansion or added value. Three units currently leased and producing $2,985 in monthly rental income as-is. Owner covers all utilities, with 1 water heater and 2 furnaces servicing the property. Apartment 4 has been freshly painted and is ready for a new tenant.

Some deferred maintenance: oven in Unit 1 and dishwasher need repair. Owner owns fridge, stove and dish. The property has a strong rental history with a consistent rent roll, and the vacant unit may have a tenant soon. Unit 4 could have an agency placed (like section 8) tenant if the buyer would like.

FHA/VA financing may be considered; however, some properties may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately.

Possible package deal available—seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 1380 College Ave, Lincoln Park, MI 48146.

Don't miss this chance to own a multi-unit property with extra land for future opportunities!

Location

State MI

County Oakland

Area Pontiac

Zoning Multi-Family

Direction S of W Montcalm St / E of Baldwin Ave

Rooms

Basement Unfinished

Interior

Interior Features Laundry Facility

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Lighting

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Quadruplex

Level or Stories 2 Story

Structure Type Aluminum,Brick

Schools

School District Pontiac

Others

Pets Allowed Yes

Tax ID 1420311005

Ownership Short Sale - No,Private Owned

Assessment Amount $252

Acceptable Financing Cash, Conventional, FHA, VA

Rebuilt Year 2021

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by T J Brisbois of S&P Realty
agent

Katie Wright

Broker Associate | License ID: 387021

+1(248) 403-3182

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140 SUMMIT Street