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Sold for $273,000 on 07/15/25
  • $273,000

    56 Waldo St, Pontiac, MI 48341

    5beds
    2,567sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $273,100 Zestimate®
    $106/sqft
    $1,068 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 06:27am

    Listed by:

    Tracy A Petersen 586-797-0999,

    VM Real Estate Group

    Bought with:

    Joseph Hammel, 6501422602

    Keller Williams Somerset

    Source: Realcomp II,MLS#: 20250021679MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Ceiling Fans
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,567 sqft
    • Finished area above ground: 2,567

    Property

    Parking
    • Total spaces: 3
    • Parking features: On Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Pool features: None
    Lot
    • Size: 7,405 sqft
    • Dimensions: 50.00 x 150.00
    Details
    • Parcel number: 1430452004
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1931

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Pontiac
    • Subdivision: RECREATION PARK ADD

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Contract
    Services availability
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    Estimated market value

    $273,100