138 Palmer Street, Pontiac, MI 48341

Pontiac
Local realty services provided by:ERA Prime Real Estate Group
138 Palmer Street,Pontiac, MI 48341
$25,000
  • 3 Beds
  • 1 Baths
  • 1,034 sq. ft.
  • Single family
  • Pending
Listed by: tamara flannigan-nunally
Office: exp realty main
MLS#:20261068221
Source:MI_REALCOMP

Price summary

  • Price:$25,000
  • Price per sq. ft.:$24.18

About this home

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 Rehab THE OPPORTUNITY This 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 & Flip BRRRR Renovate & Hold Long-Term Rental At a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the...

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Home facts

  • Year built:1875
  • Subdivision & Development:ASSRS 70 - CITY OF PONTIAC
  • Listing ID #:20261068221
  • Added:52 day(s) ago
  • Updated:October 12, 2026 at 07:40 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:3
  • Basement Description:Unfinished
  • Living area:1,034 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1875
  • Building area:1,034 sq. ft.
  • Lot area:0.26 Acres
  • Architectural Style:Colonial, Early American
  • Construction Materials:Vinyl Siding
  • Foundation Description:Basement, Michigan Basement, Poured
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$25,000
  • Price per sq. ft.:$24.18
  • Tax amount:$788

Parking

  • Parking description:Detached, One and Half Car Garage
  • Garage spaces:1.5
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