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Archived about 5 years ago

$15,700

4 bd 4+ ba 7152 sqft

51 feneley ct, Pontiac, AL 48342

Residential Quadplex Needs Repairs Off MLS

Current Rent **

$2,800

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $700
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1788 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $700
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1788 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $700
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1788 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $700
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1788 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

Pontiac mi quadplex must go

Quadplex in Pontiac for 9k back taxes are $6,700 $15,700 together.
Assignment fee is 7k
Rehab cost is 30-35k
Total expense:52,700

And the arv is 130-150.
Tenant pays utilities except water
Which is 200 normally and 350 at the highest.
[email protected]
248-480-5603

Location:

51 feneley ct, Pontiac, AL 48342

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.