23 FAIRGROVE ST Pontiac, MI 48342

Highest and Best offer be submitted by 6-23-21 at 8 p.m. EST Great Investment Opportunity! This beautiful building boasts gorgeous woodwork that has been preserved and it's breathtaking! This Tri-Plex property is priced to sell and currently has 1 occupant! Building offers (1) 1 bedroom unit, (2) 2 bedroom units, all with separate entrances. Common/shared basement with coin pay washer and dryer. This Tri-Plex offers plenty of outside storage space with its 36x25 historic barn with a spacious loft above that could be the perfect place for an awesome art studio. More than ample parking area. Current rental rates in the area could easily bring over $3,000/mo., which would bring the cap rate over 10%. Seller has had great success over the years attracting local medical students as tenants. The current lease, for one unit, is up for renewal in July. No access to unit #1 until home inspection. This is a registered rental property with the city of Pontiac. Furnishings available, if desired.