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Phone: 6194853322

Email: info@azimuthrev.com

Property id(7190) is Reserved

Property id(7190) is Sold

Email: info@azimuthrev.com

6194853322

721 Scottwood St, Pontiac, michigan 48340Download Brochure

Short Remarks

REMODELED 3 BED, 1 BATH HOME IN PONTIAC

RENTED FAST

REMODELED WITH NEW;

FURNACE
HOT WATER HEATER
GUTTERS
CARPET
PLUMBING FIXTURES
SHOWER SURROUND
BATHROOM VANITY
TILE KITCHEN FLOORING
VINYL WINDOWS
TWO TONE INTERIOR PAINT

MAINTENANCE FREE VINYL SIDING

EXCELLENT MANAGEMENT IN PLACE

Full Remarks

*** PONTIAC CITY IS THE PLACE TO BE! The City of Pontiac is a manufacturing hub located just north of Detroit Michigan and is the County Seat of Oakland County.  Along with three major hospitals several large companies have manufacturing facilities in Pontiac including General Motors, AT&T, and HP Enterprise Services.  In 2008 the automobile industry crashed leaving several large commercial districts vacant in Pontiac. In addition, the Governor appointed an Emergency Financial manager to sell off the cities non-producing assets, to privatize almost all departments and to correct the decades of financial miss-management. NOW, the emergency manager has left, local control has been returned to the Mayor and City Council, and Pontiac is on a firm financial setting with a surplus for the 1st time in years.   Home to the new M1 Concourse Pontiac is back on the map.  With the completion of this classic sports car condo/racetrack/complex in the summer of 2016 hundreds of support jobs are being created as space is selling out fast.  Downtown Pontiac is seeing major building renovations including a new live performing arts theater, several new restaurants, and loft development projects.  100’s of older homes have been demolished over the last few years, making way for new homes to be built and existing homes to rise in value.  With employment opportunities small families are flocking to Pontiac.  This influx of working families is causing a shortage of 2 and 3 bedroom homes creating high demand and low turnover for rental units. 

  • Purchase price :

    $72,000
BUY NOW
  • Property Details

  • Bedrooms:

    3
  • Baths:

    1
  • Sq FT:

    967
  • YEAR Built:

    1962
  • TYPE:

    Single Family
  • LOT SIZE:

    6
  • Cash Flow analysis

  • MONTHLY RENT PMT :

    $800
  • ANNUAL RENT :

    $9,600
  • Estimated* Hazard Insurance:

    $500
  • Estimated* Property Taxes:

    $580
  • Property Management Exp:

    $960
  • Annual Utilities Exp:

    $0

Estimated* Net Income:

$7,560

* These estimates are based on current information and projections and are not a guarantee of future income. All investments have risk. Additional or increased expenses and vacancies could effect your actual realized return on your real estate investment property.

Comps

Property Address Purchase Price Date Sold Type of Deal # of Beds # of Baths
96 W Ypsilanti, Pontiac MI $82,500 10/9/17 Single Family 3 1
938 Canterbury, Pontiac MI $76,000 9/28/17 Single Family 3 1
77 N Johnson, Pontiac MI $75,000 9/28/17 Single Family 3 1