MICHIGAN REAL ESTATE INVESTORS


18 Lorraine Ct, Pontiac, MI 48341

Multiple Family / 0 Bedroom(s)

Property Status:  Sold | $105,000.00 | 


Property Photos
18 Lorraine Ct (Image - No Photo)


8 UNIT MULTI FAMILY - PONTIAC - 87% OCCUPANCY - VERY MOTIVATED SELLERS


Property Status:
Sold | $105,000.00

Contact Info
INTELLECT REALTY
(248) 895-0038

Request To See This Property
Property Details:
Multiple Family / 0 BR
Property Style:
2-Story
Year Built:
1920
Basement:
Unfinished Basement
Owner / Agent:
Real Estate Agent
Property Features:
Porch
ILLNESS FORCES SALE - MUST SELL ASAP - PLEASE CALL SARI 248 895 0038
Property Description:

PRICE REDUCED AGAIN, MUST SELL SOON DUE TO ILLNESS AND NEED FOR MEDICAL EXPENSES! AVERAGE 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. propertypanorama.com/instaview-elite/nocbor/215096843



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