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Archived almost 5 years ago

$75,000

4.0 rooms 2 ba

600 E Pike St, Pontiac, MI 48342

Commercial Commercial Needs Repairs Off MLS

Current Rent **

$2

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

💥 ⛪Off Market Property...Several Exit Strategies! Former Church

$ 75,000
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⛪ 600 E Pike St Pontiac, MI 48342 ⛪
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This is a cash sale only. Do your own Due diligence!
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We Are Assigning Our Contract
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Property was previously used as a church. It is a cinder block building, open space with 2 bathrooms and an office. Rehab cost would depend on what you wanted to re-purpose the building for.
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It is approx. 2700 sq ft. It is currently zoned R-1 Residential.
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This has huge potential as a rooming house for the right investor. Property has ample parking and a nice frontage on Pike Street and Martin Luther King in a solid neighborhood! Clear title warranty deed.
I would expect this deal to go fast so don't wait.

https://mailchi.mp/418575464343/off-market-propertyseveral-exit-strategies-address-added-410491

Location:

600 E Pike St, Pontiac, MI 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.