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$ 265,000
Est. payment /mo
Active
56 WALDO Street Pontiac, MI 48341 1224
3 Baths
2,567 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,567 sqft
Price per Sqft $103
Subdivision Mi
MLS Listing ID 60380475
Style 2 Story
Full Baths 3
Year Built 1931
Annual Tax Amount $2,521
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50.00 x 150.00
Property Sub-Type Multi-Family
Property Description
This well-maintained three-unit property offers strong income potential. The first-floor unit is a spacious three-bedroom, one-bath layout, city-certified and ready for occupancy. Upstairs, two one-bedroom, one-bath units have passed city rental inspections, with one already occupied by a long-term tenant providing immediate cash flow. Each unit has separate gas and electric meters, with a single water meter for efficiency. Recent upgrades include new furnaces (2020) and a new roof (2024), reducing maintenance costs. Stoves and refrigerators are included in every unit. Located in a growing area, this property is near local businesses, transportation, and new development. It offers consistent rental demand and the potential for appreciation. Available with land contract terms, making it accessible for investors looking to expand their portfolio.
Location
State MI
County Oakland
Area Pontiac (63142)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Pontiac City School District
Others
Ownership Private
Assessment Amount $192
Energy Description Natural Gas
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Listed by VM Real Estate Group