148 Russell Street

About this home

Long-term stability meets long-term upside with this solid investment property, occupied by the same reliable tenant for the past 13 years. Recent capital improvements include a brand-new roof, reducing near-term maintenance costs and strengthening the property's long-term performance. With steady rental income in place and significant appreciation potential in an area seeing ongoing development, this is a turnkey opportunity for investors looking to secure a cash-flowing asset with room to scale.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Pontiac

Over the last 90 days, 117 homes sold in Pontiac for a median of $147,200, about $107 per square foot, and the typical one went under contract in 16 days. This home is listed at $69,900, or $121 per square foot, 13% above the city median, and has been on the market 174 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Pontiac sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $731 a year. A buyer who lives here would pay about $391 to $1,355 a year once the taxable value resets after the sale, at the 2025 homestead rate of 38.37 mills for Pontiac City and Pontiac schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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