398 N Saginaw Street, Pontiac, MI 48342

• 2 baths |
• 1,620 sqft

Property Description

Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0–3% Down Payment – Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500–$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 7:43AM

Listing Office:

Brookstone, Realtors LLC : 2489630505

Listing Agent:

James J Toma : 2482494999

MLS ID:

20261009177

Interior

• General: Entrance foyer
• Basement: FullUnfinished
• A/C: Ceiling fans
• Heating: Forced airNatural gasSeparate meters

Exterior

• General: LightingPrivate entrance
• Style: ColonialEarly american
• Other Structures: Porch
• Pool: None
• Parking: GarageLightedOn streetOversizedPavedParking spaces: 6

Construction

• Roofing: Asphalt
• General: OtherTwoBasementPouredStone

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Pontiac
• County: Oakland

Lot

• Zoning: T3NR10ESEC 29 POUND ADDITION LOT 11429226005
• Fencing: Back yardFencedFencing allowed

Utilities

• Utilities: Above ground utilitiesCable availableUnderground utilities
• Water: Other
• Sewer: Public sewer

Financial

• Source: Realcomp II Ltd