20 days on rocket

Sale Pending

51 S Francis Ave, Pontiac, MI, 48342

$375,000

Home List Price

$4,453*

Closing Credit

4 Full Baths
3,652 SqFt
$103/SqFt
Multi
Schools Nearby

Location

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51 S Francis Ave, Pontiac$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1930
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240018890
Lot Size0.12 Acres
StatusSale Pending
(Pending)

About 51 S Francis Ave

Welcome to 51 S Francis St. This is an Exceptional Investment Opportunity - Turnkey Fourplex in Oakland County. We present a rare investment opportunity in the heart of Pontiac, Michigan - a well-maintained fourplex residential apartment building with four units ready to lease. All four units have been totally updated and remodeled and ready for occupancy. This building is the perfect opportunity for a cash flow investor, or a potential Air BnB/ Short Term Rental being located within a few miles from the downtown Pontiac area. The fourplex represents four identical two bed one bath units that rent for $1500/month, potentially producing $6000.00/month or $72,000/year in gross income. The Building also offers a paved parking lot right next to the building. The building is well located as it’s minutes from downtown and the Oakland County’s Sheriff’s Department. .

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building, Quadruplex
  • Year Built: 1930
  • Stories: 2
  • Living Area: 3,652 SqFt

Listing Office:

  • Office Name: 4Houses Realty, LLC
  • Office Phone: (248) 387-9377
  • Listing Agent: Herman Bishop

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Pontiac High School, Public District Grades 10-12
  • Whitmer Human Resource Center, Public District Grades KG-6

Other

Directions Information:

  • Directions: North of Auburn Rd and South of Pike

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $992
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pontiac, MI.

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Pontiac, MI

City

Med. Sold Price

$134.9K

Med. Price/SqFt

$118

Avg. Days On Market

38

# of Sold Homes

42

51 S Francis Ave vs Pontiac

20 DAYS ON ROCKET

-18 Days

$375,000

+$240K More

$103/SqFt

-$15 Less

KEY TAKEAWAY

This property is $240K more than the Median Sold Price and $15/SqFt less than other homes in Pontiac, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240018890

Listing Office:

  • Office Name: 4Houses Realty, LLC
  • Office Phone: (248) 387-9377
  • Listing Agent: Herman Bishop

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 7:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$992$15,580
2020$1,049$13,890
2018$724$12,770
2017$716$12,910

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3904271
2
/10

  • Whitmer Human Resource Center

  • 60 Parkhurst St

  • 0.62 miles

  • Public District Grades KG-6

High School

school-card-donut-3904272
2
/10

  • Pontiac High School

  • 1051 Arlene Ave

  • 2.14 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,213. Typical income of Pontiac, MI residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Oakland County›Pontiac›48342›51 S Francis Ave

This home is located at 51 S Francis Ave in Pontiac, MI and zip code 48342. This 3,652 square foot home, which was built in 1930, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $375,000.

In March 2024 more than 14 listings in Pontiac, MI were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 16 were sold below. The number of homes for sale in Pontiac, MI decreased by 1.2% between February 2024 and March 2024. While the average time on the market in March 2024 was 38 days, the median list price was $134,933.

From Rocket Homes Real Estate and based on county public records data.

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