Commerce - Lisa Cutting
1/28
Listing Courtesy Of: Elite Realty, (734) 513-2166, Tracy Petersen
Local Realty Services Provided By: KW Home Realty
Overview
What It'll Cost
Neighborhood
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$265,000
56 WALDO Street, Pontiac, MI 48341
2 Beds
3 Baths
2,567 sq ft
.17 ac
$265,000

56 WALDO Street, Pontiac, MI 48341

Estimation provided by Keller Williams Realty Inc.
2 Beds
3 Baths
2,567 sq ft
.17 ac
Active
For Sale

Property Description

Discover an investment opportunity in the growing city of Pontiac! This well- maintained three-unit multi-family property is a gem, offering a combination of convenience, functionality, and strong income potential. The spacious first-floor unit is a standout, featuring a large three-bedroom, one-bath layout perfect for families or long-term tenants. With its city rental certificate in place, it's ready for immediate occupancy. Upstairs, you'll find two one-bedroom, one-bath units, both well-maintained and with their own rental inspections from the city. One of these units already has a strong, reliable, long-term tenant who pays promptly, for immediate cash flow.Each unit has its own separate gas and electric meters, providing convenience for tenants and simplifying utility management for you. The property also features one central water meter and has been recently upgraded with newer furnaces (2020) and a new roof (2024) . This means the major systems have been recently updated, reducing the need for immediate maintenance or repairs. Every unit comes complete with stoves and refrigerators, making them move in ready.Located in a community that’s steadily evolving and attracting attention, this property is an opportunity to capitalize on Pontiac’s ongoing growth. Whether you're a seasoned investor or just starting to build your portfolio, this property offers stability and potential. Available exclusively with land contract terms, it’s your chance to invest in the future of Pontiac while generating solid returns.

Property Details

Compare This Home
Overview
Property Type
Multifamily
Property Size
2,567 sq ft
Year Built
1931
Days on Site
61 Days
HVAC
Forced Air, Ceiling Fan(s)
Parking
3 Parking Spaces
Your Agent
Commerce
6501397662

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
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Purchase Price: $265,000
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Price & Tax History

Date
Event
Price
01/29/2025
Price Decrease
$265,000
(-2.93%)
01/22/2025
Listed
$273,000
(+1,505.88%)
01/26/2016
Sold
$17,000
(+747.88%)
03/20/2012
Sold
$2,005
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2021
$2,203
(-0.34%)
$63,220
No Breakdown Available
2020
$2,210
(+9.99%)
$49,310
No Breakdown Available
2018
$2,010
(+4%)
$34,800
No Breakdown Available
2017
$1,932
$33,440
No Breakdown Available
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Your Agent
Commerce
6501397662

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