#20250002882, Diane M Ducat, Listing Office: Keller Williams Premier
$3,147
closing credit¹
56 Waldo St Pontiac, MI 48341
Property details
About 56 Waldo St
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.
Highlights
Summary
- MLS Number: 20250004614
- MLS Name: Realcomp II Ltd
- Office Name: Elite Realty
- Office Phone: (734) 513-2166
- Listing Agent: Tracy A Petersen
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
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Last updated on: 2/13/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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![view of front of home](/homes/listing-images/54300954_S0469/S0469/S0469-R0100/208121166/208146295.jpg?version=1737581430&width=640)
$265,000
56 Waldo St
$3,147
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Feb 03, 2016 | Home Sold | $17,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $72,900 | $2,414 |
2023 | $63,220 | $2,202 |
2022 | $55,320 | $2,202 |
2021 | $49,310 | $2,202 |
2020 | $44,130 | $2,107 |
2018 | $34,800 | $2,009 |
2017 | $33,440 | $1,932 |
History based on county public records data.
Nearby schools
3
Donelson Hills Elementary School
Public District KG-5
1.2 mi
•2690 Wewoka Rd
2
Whitman Elementary School
Public District KG-5
1.5 mi
•125 W Montcalm St
2
Alcott School
Public District KG-5
2.0 mi
•460 W Kennett Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,912. The most common annual income of people living in Pontiac, MI is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
Similar homes for sale
This home is located at 56 Waldo St in Pontiac, MI and zip code 48341. This 2,567 square foot home, which was built in 1931, sits on a 0.17 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $265,000.
In January 2025 more than 8 listings in Pontiac, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 15 were sold below. The inventory of homes for sale in Pontiac, MI between December and January 2025 increased by 8.9%. While the average time on the market in January 2025 was 48 days, the median list price was $140,000.