398 N Saginaw Street, Pontiac, MI 48342
Local realty services provided by:ERA Prime Real Estate Group
398 N Saginaw Street,Pontiac, MI 48342
$250,000
- - Beds
- 2 Baths
- 1,620 sq. ft.
- Multi-family
- Active
Listed by: james j toma
Office: brookstone, realtors llc.
MLS#:20261009177
Source:MI_REALCOMP
Price summary
- Price:$250,000
- Price per sq. ft.:$154.32
About this home
Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. DSCR loans, Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20%
after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL...
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Home facts
- Year built:1910
- Subdivision & Development:POUND ADD
- Listing ID #:20261009177
- Added:173 day(s) ago
- Updated:September 07, 2026 at 10:01 AM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Full, Unfinished
- Living area:1,620 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans
- Heating:Forced Air, Natural Gas, Separate Meters
Structure and exterior
- Roof:Asphalt
- Year built:1910
- Building area:1,620 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Colonial, Early American
- Exterior Features:Lighting, Porch, Private Entrance
- Foundation Description:Basement, Poured, Stone
- Levels:Two
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$154.32
- Tax amount:$2,648
Features and amenities
- Amenities:Entrance Foyer
Parking
- Total parking spaces:6
- Parking description:Garage, Lighted, On Street, Oversized, Paved
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