About 50 Waldo Street
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!
Features of 50 Waldo Street
| MLS® # | 25052921 |
|---|---|
| Price | $425,000 |
| Acres | 0.17 |
| Year Built | 1931 |
| Type | Multi Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 50 Waldo Street |
|---|---|
| Area | Oakland County - 70 |
| City | Pontiac |
| County | Oakland |
| State | MI |
| Zip Code | 48341 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| New Construction | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Sidewalk |
|---|---|
| Roof | Tile |
School Information
| District | Pontiac |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Weinraub |
|---|---|
| Office | Vantage Realty Group, LLC |