NOT LISTED FOR SALE

18 Lorraine Ct Pontiac, MI 48341

16 Beds
8 Baths
2,697 Sq Ft
6,534 Sq Ft Lot

Last Sold May 12, 2016

Last sale price $75,000 $28 Per Sq Ft

209 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Forced Air Heating System
  • Private Entrance

About This Home

As of May 2016

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.

Last Agent to Sell the Property

Sari Stefancin

Intellect Realty LLC License #6504379407 Listed on: 09/01/2015

Last Buyer's Agent

Jason Childs

KW Showcase Realty License #RCO-6501286345

KW Showcase Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 2,697 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 8 Units
  • Assr's Plat No 129 City Of Pontiac Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1429381019
  • $650 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 2697
  • Total Sq Ft: 2697
  • Sq Ft Total Bsmt: 2097

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Pontiac

Lot Info

  • List Price per Acre: 700000.0000
  • Lot Size Area: 0.15
  • Lot Dimensions: UNKNOWN
  • Parcel Number: 1429381019
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 2640

Tax Info

  • Tax Amount Summer: 2944.0000
  • Tax Amount Winter: 95.0000
  • Total Tax: 3039.0000

Multi Family

  • Gross Scheduled Income: 31680.00
  • Number Of Units Total: 8
  • Number of Two Bedroom Units: 8
  • Number Of Units Leased: 7

MLS Schools

  • School District: Pontiac

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2016 05/12/16 Sold $75,000 -40.0% $28 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
09/01/2015 09/01/15 For Sale $125,000 -- $46 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sari Stefancin

    Seller's Agent in 2016

    Sari Stefancin

    Intellect Realty LLC

    (248) 895-0038

    2 in this area

    22 Total Sales

    Sari Stefancin
    Section Image
  • Jason Childs

    Buyer's Agent in 2016

    Jason Childs

    KW Showcase Realty

    (248) 755-2030

    4 in this area

    26 Total Sales

    Jason Childs
    Section Image
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Map

Source: Realcomp

MLS Number: 215096843

Realcomp
Michigan Oakland County Pontiac 48341

18 Lorraine Ct, Pontiac, MI

This home is located at 18 Lorraine Ct, Pontiac, MI 48341 since 01 September 2015. This property was built in 1920. 18 Lorraine Ct is a home located in Oakland County with nearby schools including Walt Whitman Elementary School, Pontiac Middle School, and Pontiac High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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