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Back 140 Summit St
Off Market

140 Summit St

Pontiac MI 48342

4
2279 sq. ft.
0.12 ac.
Multi-Family
Last sold for $252,000
T J BrisboisT J Brisbois, last sold this property on 19 May 2025 after -86 days on market.

Overview

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!

Features

4 bathrooms
2279 sq. ft. floor area
0.12 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Pontiac over the last 12 months, the estimated median property value of 140 Summit St is $217.5k.

Median value
$217.5k
Estimated value range
$120k - $350k
Median days on market
16
Estimated value trend
37%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Pontiac. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 140 Summit St

2025
Sold
$252,000
19 May 2025 by T J Brisbois, of S&P Realty
2021
Sold
$210,000
09 Apr 2021 by Sara Kopczyk, of Keller Williams Advantage
2019
Sold
$37,500
24 Mar 2019

Happy sellers in Pontiac

95%
95% of sellers in Pontiac reported that their sale price either exceeded or met their price expectations.

Pontiac stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Pontiac over the last 12 months.

Local market activity for multi families in Pontiac

In the last 12 months, 7 multi families similar to 140 Summit St, have been sold.

This represents a 30% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Pontiac

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Shawn Hermansen

Shawn Hermansen is a recommended agent for Pontiac.  They have 4 local sales and collected 1 local review across the last 12 months.

  •   5   (25 reviews)
  •  1 Review in Pontiac
  •  4 Sales in Pontiac
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Orlando Herrera

Sellers who recommend Orlando Herrera have praised them for being local expert, clear communication, responsive, supportive, dedicated, pleasant, and stress-free process

  •   5   (72 reviews)
  •  1 Review in Pontiac
  •  3 Sales in Pontiac
View profile
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Romani Jackson

Romani Jackson is a recommended agent for Pontiac.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   4.9   (14 reviews)
  •  1 Review in Pontiac
  •  3 Sales in Pontiac
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John Robinson

John Robinson is a recommended agent for Pontiac.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (14 reviews)
  •  1 Review in Pontiac
  •  2 Sales in Pontiac
View profile
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