50 Waldo Street, Pontiac City, MI 48341

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!

Listing Status:

Active

Listing Office:

Vantage Realty Group, LLC : 7342876619

Listing Agent:

Michael Weinraub : 2482072987

MLS ID:

81025052921

Interior

• Laundry: Common areaGas dryer hookupIn basementLaundry room
• Basement: Full
• Heating: BaseboardNatural gas

Exterior

• Parking: Parking spaces: 6

Construction

• Roofing: Tile
• General: Brick

Location

• Originating MLS: Greater Metropolitan Association of REALTORS
• School District: Pontiac
• County: Oakland

Lot

• Zoning: T3NR10ESEC 30 RECREATION PARK ADD LOT 1001430452005

Utilities

• Utilities: Electricity connectedNatural gas connectedPhone availableSewer connected
• Water: Public
• Sewer: Public sewerSewer at street

Financial

• Source: Greater Metropolitan Association of REALTORS

This listing courtesy of Michael Weinraub, Vantage Realty Group, LLC