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The Burlingham 17 W Lawrence St

14 Unit Apartment Building $1,600,000 ($114,286/Unit) 6.56% Cap Rate Pontiac, MI 48342

Apartment Buildings Michigan Pontiac 17 W Lawrence St, Pontiac, MI 48342

Investment Highlights

  • Windows fully renovated, approved by historic commission
  • In unit washer dryer
  • ButterflyMX video intercomm
  • Central AC, boiler heat
  • Full appliance package

Executive Summary

Beautifully renovated historic building. 5 apartment units, 6 artist studios, 2 commercial studios and 1 retail storefront. 14 units total. Apartments are completely renovated with in-unit laundry, central AC, boiler with outside/inside thermostats. ButterflyMX video intercom and full camera system. This one is truly a gem! All unit leased with the exception of the storefront which is currently an event space.

Attachments

17 W Lawrence Sale Brochure 2024

Property Facts

Price $1,600,000 Apartment Style Low Rise
Price Per Unit $114,286 Building Size 13,000 SF
Sale Type Investment Average Occupancy 90%
Cap Rate 6.56% No. Stories 2
No. Units 14 Year Built/Renovated 1920/2019
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Price $1,600,000
Price Per Unit $114,286
Sale Type Investment
Cap Rate 6.56%
No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Size 13,000 SF
Average Occupancy 90%
No. Stories 2
Year Built/Renovated 1920/2019
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 14 - -
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Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-29-476-007 Improvements Assessment $0
Land Assessment $0 Total Assessment $228,550

PROPERTY TAXES

Parcel Number
14-29-476-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,550
(773) 474-1034

Contact

  • Listing ID: 28004965

  • Date on Market: 3/17/2023

  • Last Updated:

  • Address: 17 W Lawrence St, Pontiac, MI 48342

More public record information on 17 W Lawrence St, Pontiac, MI 48342

The Multifamily Property at 17 W Lawrence St, Pontiac, MI 48342 is currently available for sale. Contact Pike Street Properties for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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17 W Lawrence St, Pontiac, MI for sale Primary Photo- Image 1 of 9
The Burlingham
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 2 of 9
The Burlingham Unit 2B Kitchen
17 W Lawrence St, Pontiac, MI for sale Building Photo- Image 3 of 9
17-W-Lawrence-Dollhouse-View
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 4 of 9
17-W-Lawrence-Unfurnished
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 5 of 9
17-W-Lawrence-Kitchen
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 6 of 9
The Burlingham Hallway
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 7 of 9
The Burlingham Unit 2B Living
17 W Lawrence St, Pontiac, MI for sale Interior Photo- Image 8 of 9
The Burlingham Entrance Hallway

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The Burlingham | 17 W Lawrence St
(773) 474-1034 x

The Burlingham | 17 W Lawrence St

Loren Guzik

(773) 474-1034

(773) 474-1034

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