$2,909 Closing Credit¹
#20250002882, Diane M Ducat, Listing Office: Keller Williams Premier
$250,000 List price
140 Summit St Pontiac, MI 48342
$2,969
Closing credit¹
4 full
2,279 sqft
0.1 acres
$110 / sqft
Multi-Family
Property details
About 140 Summit St
Great Investment Opportunity! This 4-unit brick apartment building comes with two additional vacant lots, offering potential for expansion or added value. Three units currently leased and producing $2,985 in monthly rental income as-is. Owner covers all utilities, with 1 water heater and 2 furnaces servicing the property. Apartment 4 has been freshly painted and is ready for a new tenant. Some deferred maintenance: oven in Unit 1 and dishwasher need repair. Owner owns fridge, stove and dish. The property has a strong rental history with a consistent rent roll, and the vacant unit may have a tenant soon. Unit 4 could have an agency placed (like section 8) tenant if the buyer would like. FHA/VA financing may be considered; however, some properties may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. Possible package deal available—seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 1380 College Ave, Lincoln Park, MI 48146. Don't miss this chance to own a multi-unit property with extra land for future opportunities!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size2,279 sqft
BasementYes
Lot size0.12 Acres
Year built1930
MLS #20250016309
Summary
- MLS Number: 20250016309
- MLS Name: Realcomp II Ltd
- Office Name: S&P Realty
- Office Phone: (734) 333-7219
- Listing Agent: T J Brisbois
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$250,000
140 Summit St
$2,969
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 19, 2021 | Home Sold | $210,000 |
| Mar 26, 2019 | Home Sold | $37,500 |
| Mar 25, 2019 | Home Sold | $20,000 |
| Mar 13, 2014 | Home Sold | $20,000 |
| Feb 13, 2009 | Home Sold | $70,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $62,570 | $2,833 |
| 2023 | $53,290 | $1,741 |
| 2022 | $43,320 | $2,663 |
| 2021 | $29,910 | $1,741 |
| 2020 | $26,380 | $1,249 |
| 2018 | $22,870 | $1,148 |
| 2017 | $23,130 | $1,117 |
History based on county public records data.
Nearby schools
2
Whitman Elementary School
Public District KG-5
0.2 mi
•125 W Montcalm St
2
Alcott School
Public District KG-5
1.1 mi
•460 W Kennett Rd
3
Donelson Hills Elementary School
Public District KG-5
1.9 mi
•2690 Wewoka Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,048. Typical income of Pontiac, MI residents is less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
60%
<35k
35%
35k-100k
3%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
42%
Single, No Kids
30%
Single, with Kids
9%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
13%
12-17 yrs old
25%
18-34 yrs old
34%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
UFC
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Chevrolet
Kia
What do the neighbors listen to?
Urban Contemporary- Urban Adult Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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This home is located at 140 Summit St in Pontiac, MI and zip code 48342. This 2,279 square foot home, which was built in 1930, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $250,000.
In February 2025, from all listings sold in Pontiac, MI there were more than 5 sold above asking price, over 13 sold below and more than 5 were sold right at the asked price. The inventory of homes for sale in Pontiac, MI between January and February 2025 increased by 0.7%. In February 2025, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $139,966.
From Rocket Homes Real Estate and based on county public records data.