138 Palmer Street
Pontiac, MI 48341
Single Family Residence · MLS # 20261068221 · Listing courtesy of EXP Realty Main
About this home
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.
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Monthly payment estimate
Estimate only, 30 year fixed, includes taxes when listed. Ask us for a lender quote.
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IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Sep 30, 2026, 7:20 PM.