For Sale
5736 Graves Street, Waterford, MI 48327
$96,500
MLS # 20261055250 (Realcomp)
2 beds1 bath624 sqftBuilt 19470.47 acres
1 / 17
Listing Description
Investor opportunity in Waterford! This vacant 2-bedroom, 1-bath home offers approximately 624 square feet and is ready for renovation. Built in 1947, the property presents an excellent value-add opportunity for a fix-and-flip or long-term rental investment. Conveniently located near shopping, dining, parks, and major commuter routes, with easy access to Pontiac and surrounding Oakland County amenities. Property is being sold as-is. Cash preferred. National Title Services to close. Buyer and buyer's agent to verify all property information.
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 624 sq ft home built in 1947 sits in Waterford Township in Waterford.
Currently offered at $96,500 (about $155/sq ft).
Estimated annual property tax: $1,757, or about $146 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area624 sqft
Lot Size0.47 acres
Year Built1947
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionOther
BasementSlab
HeatingOther
WaterPublic
SewerPublic
Sale & Financing
Listed7/16/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,508
State Equalized Value$57,780
Taxable Value$35,200
Parcel #1316377011
Source: Public Records
Legal Description
T3N, R9E, SEC 16 KERR ACRES LOT 46
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Scott Fader
Joseph Walter Realty, LLC
Frequently Asked Questions about 5736 Graves Street, Waterford, MI 48327
What school district is 5736 Graves Street, Waterford, MI 48327 in?
Per MLS# 20261055250, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261055250, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261055250, the most recent reported annual property tax for 5736 Graves Street, Waterford, MI 48327 is $1,508. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 5736 Graves Street, Waterford, MI 48327 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5736 Graves Street, Waterford, MI 48327 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$1,757
Monthly$146
Millage rate30.4079 mills
Municipality: CHARTER TOWNSHIP OF WATERFORD
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$772
Principal & interest$626
Property taxes$146
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5736 Graves Street, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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