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Jenn Smart

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138 Palmer , Pontiac, MI 48341
$25,000
Est. Payment: $130.28/mo
3 Bed
1 Bath
1034 Sqft
Status: pending | Days on site: 2
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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 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 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.

Highlights

Listed by Tamara Flannigan-Nunally , 248-342-7846 EXP Realty Main , 888-501-7085. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.26

Year Built

1875

County

Oakland

Area

Pontiac (63142)

Neighborhood

Assrs 70 - City Of Pontiac

School District

Pontiac City School District

Listing ID

61024536

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Above Ground Sq Ft:1034
Basement:Unfinished
Water:Public Water

Exterior Features

Lot Dimensions:94.2X120
Parking Features:Detached Garage
Principal Interest
$130
Taxes
$66

Home Price

$25,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$5,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$130.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $130.28 $65.67 $0.00 $195.95
Yearly $1,563.34 $788.00 $0.00 $2,351.34
Total $46,900.25 $23,640.00 $0.00 $70,540.25
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Pontiac, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T03:11:55.100Z

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