18 LORRAINE Court

Pontiac, Michigan


| 8 baths | 2697 sqft | MLS# 215096843



Sold $105,000

contact:
313.283.1873  Office

Description

PRICE REDUCED! GOOD REVENUE PRODUCING INVESTMENT- 2 STORY BRICK BUILDING LOCATED ON QUIETER 1 WAY STREET CLOSE TO COURT HOUSE, HOSPITALS & DOWNTOWN. EIGHT TWO BEDROOM UNITS CURRENT OCCUPANCY 75%. 4 UPPER & 4 LOWER UNITS. HW FLOORS.UPPER UNITS EA HAVE AN ENCLOSED PORCH OFF MASTER BEDROOMS.LOWER UNITS HAVE DIRECT ACCESS TO THE BASEMENT.4 SEPARATE BASEMENTS;NEWER ELECTRIC PANELS; 8 FURNACES & 8 HOT WATER HEATERS -AGES VARY, REPLACED WHEN NEEDED BUT ELECTRICAL PANELS ARE ALL DONE. PRIVATE SEPARATE ENTRIES, FRONT ENTRY INTO COMMON FOYER, THEN EACH UPPER & LOWER HAS OWN SEPARATE ENTRY.4 COVERED FRONT PORCHES.MAJOR APPLIANCES ON SITE BELONG TO PROPERTY, EACH UNIT HAS STOVE & FRIDGE.FAIR CONDITION PROPERTY DOES NEED SOME WORK.TENANT OCCUPIED 48-72 HRS NOTICE TO SEE REPRESENTATIVE UNITS-CARETAKER MUST ACCOMPANY.IDRBNG BATVAI NET INCOME IS EST SUBJECT TO ACTUAL PROPERTY TAXES, WATER BILLS.ILLNESS FORCES SALE. PLEASE DO NOT DISTURB OCCUPANTS. NO COMMISSION FOR LICENSEE WHO IS BUYER.