50 Waldo Street new Save Request In-Person Tour Request Virtual Tour
Pontiac,MI 48341
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25052921
Year Built 1931
Annual Tax Amount $6,135
Tax Year 2024
Lot Size 7,492 Sqft
Property Sub-Type 5+ Units
Property Description
Investor's Dream! Turnkey 6-Unit Property in Pontiac - 5 One-Bedrooms + 1 Studio
Property is rental certified.
Welcome to 50 Waldo St, Pontiac, MI 48341 — a fully remodeled 6-unit multifamily property offering excellent cash flow and minimal maintenance. Unit 4 is currently rented for $1,050/month, and the other five units (including one studio) previously leased for similar rates, providing potential gross income of $5,875/month.
This well-maintained building includes five 1-bed/1-bath units plus one studio, each featuring spacious living areas, modern kitchens, and updated finishes. Recent improvements include an upgraded mechanical room and a shared washer/dryer setup in the basement for tenant convenience.
Located near downtown Pontiac, major employers, and public transit, this property is ideal for investors seeking steady rental income and long-term appreciation potential. Don't miss this high-income, low-maintenance opportunity in a thriving rental market!
Location
State MI
County Oakland
Area Oakland County - 70
Interior
Heating Baseboard
Laundry Common Area,Gas Dryer Hookup,In Basement,Laundry Room
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected
View Y/N No
Roof Type Tile
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Pontiac
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional