Address
138 Palmer Street, Pontiac, MI
Price
$ 25,000
Property Attributes
- MLS#20261068221
- TypeSingle Family
- Listing Status Pending
- MunicipalityPontiac
- CountyOakland
- CityPontiac
- NeighborhoodPontiac
- Zip48341
- StyleSingle Family Residence
- Year Built1875
- Taxes$ 788
- Price$ 25,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1034
- Lot Size0.26 Acres
Data Source:
MichRIC Datashare (MichRIC, Realcomp, MiRealSource)
Property Description
Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential.The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation.DEAL SNAPSHOT?? Purchase Price: $20,000?? Estimated ARV: Approx. $170,000?? Gross Spread Before Rehab & Expenses: $150,000?? 3 Bedrooms | 1 Bathroom?? Approx. 1,034 Sq. Ft.?? Approx. 0.26-Acre Lot?? Full Gut RehabTHE OPPORTUNITYThis is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor.Potential strategies include:Fix & FlipBRRRRRenovate & HoldLong-Term RentalAt a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the property's projected finished value.Property sold strictly AS-IS. Seller will make no repairs. Cash or appropriate investor/renovation financing preferred.Buyer and buyer's agent to independently verify all information, including property condition, square footage, lot dimensions, taxes, utilities, zoning, permits and renovation requirements.Estimated ARV is provided for investment analysis purposes only and is not a guarantee of appraisal, resale price or investment return.
| Price History | |
|---|---|
| 8/26/2026 | Listed $25,000 |
General Features
| Living Area | 1034 |
|---|---|
| Sewer | Public |
| Heating | Forced Air |
| Garage Spaces | 1.5 |
| Construction Materials | Vinyl Siding |
| Year Built | 1875 |
| Stories Count | 2 |
| Township | Pontiac |
| Property Subtype | Single Family Residence |
| County | Oakland |
| Property Type | Residential |
| Attached Garage | false |
| Subdivision Name | Pontiac |
| Garage Y/N | true |
| Total Rooms | 4 |
| Status | Pending |
| Directions | take orchard lake road and make a right on to palmer house located on the left on corner of south and palmer |
| City | Pontiac |
| Lot Size Units | Acres |
| Lot Size Square Feet | 11325.6 |
| Listing Terms | Cash |
| Standard Status | Pending |
| Legal Description | T3N, R10E, SEC 32 ASSESSOR'S PLAT NO. 70 LOT 13 |
Interior Features
| Basement | Michigan Basement |
|---|---|
| Heating Y/N | true |
| Total Baths | 1 |
Exterior Features
| Parking Features | Detached |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.26 |
| Waterfront Y/N | false |
| Building Area Total | 1034 |
| Lot Dimensions | 94.2X120 |
| Lot Size Acres | 0.26 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48341
Price
Taxes
Year Built
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- Type
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- Size
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- Type
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- Size
- 1,076 SqFt
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- Size
- 1,837 SqFt
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- Size
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- Type
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- Size
- 1,250 SqFt
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- 3 Beds + 1.5 Baths
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473 S Paddock Street
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- Type
- Single Family
- Size
- 2,199 SqFt
- Rooms
- 7 Beds + 2 Baths
Just Listed
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780 Robinwood Street
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- Type
- Single Family
- Size
- 693 SqFt
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- 2 Beds + 1 Baths
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$ 119,995
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- Type
- Single Family
- Size
- 1,279 SqFt
- Rooms
- 4 Beds + 1 Baths
Just Listed
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- Type
- Single Family
- Size
- 2,416 SqFt
- Rooms
- 3 Beds + 2.5 Baths
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$ 139,500
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- Type
- Single Family
- Size
- 1,498 SqFt
- Rooms
- 3 Beds + 1 Baths
Primary On Main
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- Type
- Single Family
- Size
- 997 SqFt
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- 3 Beds + 1 Baths
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$ 120,000
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- Type
- Single Family
- Size
- 975 SqFt
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- 3 Beds + 1 Baths
Primary On Main
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$ 115,000
542 Harvey Avenue
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- Type
- Single Family
- Size
- 1,123 SqFt
- Rooms
- 2 Beds + 1 Baths
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
