56 Waldo Street
Pontiac, MI 48341
- – beds
- 3 baths
- 2,567 sqft
- 7,405 sqft lot
- $103 per sqft
- 1931 build
- – on site
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.
Last checked:
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Last updated Jan 29, 2025
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MLS# 20250004614 —
The Building
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Year Built:1931
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Tudor
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Roof:Asphalt
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Levels:Two
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Basement:Full, Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Security Features:CarbonMonoxideDetectors, SmokeDetectors
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Patio And Porch Features:Porch
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Above Grade Finished Area:2567.0
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Below Grade Total Area:1307
Interior
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Fireplace:false
Room Dimensions
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Living Area:2567.0
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Living Area Source:Estimated
Location
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Directions:Heading north on Telegraph- take a right turn on Highland Road (M59). Take to Waldo, turn left- home is located on the right side of the road
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Cross Street:Highland Road and Telegraph
The Property
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Parcel Number:1430452004
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.17
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Lot Size Area:0.17
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Lot Size Dimensions:50.00 x 150.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family,Residential
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Road Frontage Feet:50
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (734) 513-2166
- Office phone:
- (734) 513-2166
Taxes
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Tax Legal Description:T3N, R10E, SEC 30 RECREATION PARK ADD LOT 101
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Tax Assessed Value:41100
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Tax Annual Amount:2521.0
Baths
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Total Baths:3
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Full Baths:3
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:CeilingFans
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Cooling:false
Utilities
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Electric:Service100Amp
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Pontiac
The Community
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Subdivision Name:RECREATION PARK ADD
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:No
Parking
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Garage:true
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Garage Spaces:3.0
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Attached Garage:false
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Parking Total:3.0
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Parking Features:ThreeCarGarage
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/29/25
Jan 29, 2025
|
Price Changed | REALCOMP | $265,000 | -2.9% |
|
1/22/25
Jan 22, 2025
|
Listed / Active | REALCOMP | $273,000 |
