50 Waldo Street new Save Request In-Person Tour Request Virtual Tour
Pontiac,MI 48341
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025052921
Bedrooms 6
Year Built 1931
Annual Tax Amount $6,135
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x150
Source Greater Metropolitan Association of REALTORS®
Property Description
Investor's Dream! Turnkey 6-Unit Property in Pontiac - 5 One-Bedrooms + 1 StudioProperty 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 Pontiac
Direction N of Huron, E of Telegraph
Interior
Interior Features Laundry Facility
Heating Baseboard
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 6.0
Roof Type Other
Road Frontage Pub. Sidewalk
Garage no
Private Pool No
Building
Sewer Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Brick
Schools
School District Pontiac
Others
Pets Allowed Yes
Tax ID 1430452005
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional