
50 Waldo Street Pontiac, MI 48341
7,492 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Municipality Pontiac City
MLS Listing ID 25052921
Year Built 1931
Annual Tax Amount $6,135
Tax Year 2024
Lot Size 7,492 Sqft
Acres 0.17
Lot Dimensions 50x150
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property Description
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
Direction N of Huron, E of Telegraph
Rooms
Basement Full
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
Total Parking Spaces 6
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Pontiac
Others
Tax ID 14-30-452-005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional