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Image 1 - 664 Melrose St, Pontiac, Michigan, 48340 - House for sale
Image 2 - 664 Melrose St, Pontiac, Michigan, 48340 - House for sale
Image 3 - 664 Melrose St, Pontiac, Michigan, 48340 - House for sale
Melrose St, Pontiac, Home For Sale
664 Melrose St, Pontiac, Michigan, 48340

Melrose St, Pontiac, Home For Sale

house for sale
Listed: 08/15/24

664 Melrose St, Pontiac, Michigan, 48340

2 Bed:
1 Bath:
757 Sq Ft Living Area:
Save
Price
$ 109,900
Price:  Lower

About This House

Charming 2-Bedroom Home with Investment Potential! Welcome to 664 Melrose Street, a delightful 2-bedroom, 1-bathroom home located in Pontiac, perfect for first-time homeowners or savvy investors. This property features a spacious fenced-in backyard with a large deck, ideal for outdoor entertaining. The 2 car detached garage is a mechanic's dream, offering ample space for vehicles and storage. Located just 1 mile from local high and middle schools, this home is in a convenient location with easy access to amenities. The basement provides additional storage or potential for finishing to add more living space. As an investment property, this home offers an attractive opportunity with a potential 15% - 20% cash-on-cash return. Don't miss out on this versatile property that combines comfort with excellent investment potential. Listed at$109, 900,this property wont last long!

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Pontiac Housing & Living

Average sale prices for houses

2 bed
3 bed
Show as List Show as Graph
In August 2024, the asking price for 2 bed houses for sale in/near Pontiac, United States averaged $142,378, an increase of 4.5% from the previous month.
Median price trends for properties for sale in Pontiac, United States as of August 2024.

Household Income

Median household income: $31,401
Number of households: 23,262
The average household income in Pontiac, MI grew from $30,152 to $31,401 in the past year. This data is an estimate based upon 23,262 households in Pontiac, MI.
The chart below presents how household income is distributed in Pontiac, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pontiac, MI compared to median property taxes around the country. The prevalent amount of property taxes in Pontiac, MI equals $800-$1,500 , which is less than the national average.