Residential in Pontiac

$25,000

138 Palmer, 48341, Pontiac, MI

Residential for sale in Pontiac, 138 Palmer, 48341, 1034 m²

138 Palmer, 48341, Pontiac, MI

$25,000

3Bed
1Bath
1034
Type: Residential

Description

Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential. 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

138 Palmer, 48341, Pontiac, MI

Data

Object TypeResidential
Purchase Price$25,000
Living Space1034 m²
Plot Size1052.18 m²
Bathrooms1
Construction Year1875
ConditionNot specified
Rooms3

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1875
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent