50 Waldo Street
Pontiac, MI 48341

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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!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48341
• Year Built: 1931
• School District: Pontiac
• Units: 6 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 6
• Lot Size: 7492 sq ft lot
• Construction Materials: Brick
• Cross Street: Huron, E of Telegraph
• Directions: N of Huron, E of Telegraph
• Heat Source: Natural Gas
• Heat Type: Baseboard
• Heating: Baseboard
• Laundry Features: Common Area, Gas Dryer Hookup, In Basement, Laundry Room
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.17
• Lot Size Square Feet: 7492
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Gas, Trash Collection, Water
• Parcel Number: 14-30-452-005
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 50
• Roof: Tile
• SEV: 58260
• Sewer: Public Sewer
• Tax Annual Amount: 6135
• Tax Legal Description: T3N, R10E, SEC 30 RECREATION PARK ADD LOT 100
• Tax Year: 2024
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Township: Pontiac City
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
• Water Source: Public