109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
109 Cadillac Street, Pontiac, MI 48342
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Salvatore Palazzolo

Salvatore Palazzolo

+1(248) 927-8521
$ 599,999
Est. payment | /mo

6 Baths

0.46 Acres Lot

Save
$ 599,999
Est. payment | /mo
Save

6 Baths

0.46 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Pontiac

Subdivision Pontiac

MLS Listing ID 20261032530

HOA Y/N true

Year Built 1929

Annual Tax Amount $7,870

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 180x120

Source Realcomp

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

Zoning Commercial,Multi-Family

Direction Baldwin and Rundell

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Pontiac

Others

Tax ID 1420377012

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition {"Other":true}

Listed by Oak and Stone Real Estate
Salvatore Palazzolo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 927-8521

salpalazzolo@icloud.com

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109 Cadillac Street