56 Waldo Street

Pontiac, Michigan 48341

  • 5 Bed(s)
  • 3 Bath(s)
  • 2,567 Sqft
  • 0.17
    Acre(Lot)
$265,000

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 Type

    Multifamily

  • Subdivision

    Recreation Park Add

  • County

    Oakland

  • Style

    Tudor

  • AD ID

    48395375

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Property Details

  • Bathroom Information

    • Total Baths: 3
    • Full Baths: 3

    Room Information

    • Porches: Porch

    Interior Features

    • Smoke Alarm,100 Amp Service,Carbon Monoxide Alarm(s)
    • Roof : Asphalt
    • Basement Description: Unfinished

    Heating & Cooling

    • Cooling: Ceiling Fan(s)
    • Heating: Forced Air
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1931
    • Building Stories: 2 Story
    • Total Units: 3
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Tudor

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.17
    • Dimensions: 50.00 x 150.00

    Property Information

    • SQ ft: 2567
    • Subdivision: RECREATION PARK ADD
    • Financing: Contract

  • Listing Price Information

    • Original List Price: $273,000

    Listing Information

    • Possession: At Close
    • Legal Description: T3N, R10E, SEC 30 RECREATION PARK ADD LOT 101

  • Tax Information

    • Annual Tax: $2,521
    • Parcel Number: 1430452004

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: T3N, R10E, SEC 30 RECREATION PARK ADD LOT 101

  • Parking Information

    • Parking: 3
    • Has Garage: Yes

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 2

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 02/24/2025 @ 00:31

  • MLS: 622484547
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 5 bedrooms which is for sale, it has 2,567 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pontiac , in zip code 48341, this Oakland County Multifamily , it is in the RECREATION PARK ADD Subdivision, are nearby neighborhoods.