138 Palmer ST Pontiac, MI 48341
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,034 sqft
Price per Sqft $24
Subdivision Assrs 70 - City Of Pontiac
MLS Listing ID 20261068221
Style Colonial, Early American
Bedrooms 3
Full Baths 1
Year Built 1875
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type SingleFamilyResidence
Property Description
The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation.
DEAL SNAPSHOT
?? Purchase Price: $20,000
?? Estimated ARV: Approx. $170,000
?? Gross Spread Before Rehab & Expenses: $150,000
?? 3 Bedrooms | 1 Bathroom
?? Approx. 1,034 Sq. Ft.
?? Approx. 0.26-Acre Lot
?? Full Gut Rehab
THE OPPORTUNITY
This is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor.
Potential strategies include:
Fix & Flip
BRRRR
Renovate & Hold
Long-Term Rental
At a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the property's projected finished value.
Property sold strictly AS-IS. Seller will make no repairs. Cash or appropriate investor/renovation financing preferred.
Buyer and buyer's agent to independently verify all information, including property condition, square footage, lot dimensions, taxes, utilities, zoning, permits and renovation requirements.
Estimated ARV is provided for investment analysis purposes only and is not a guarantee of appraisal, resale price or investment return.
Location
State MI
County Oakland
Area Area02142Pontiac
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features OneandHalfCarGarage, Detached
Garage Spaces 1.5
Pool None
View Y/N No
Garage true
Building
Foundation Basement, MichiganBasement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Pontiac
Others
Senior Community false
Acceptable Financing Cash, FHA203K, WarrantyDeed
Listing Terms Cash, FHA203K, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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