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50 Waldo St

Pontiac MI 48341

0.17 ac.
Multi-Family
Currently for sale - view listing

Overview

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!

Features

0.17 ac. lot size
Multi-Family

Property history for 50 Waldo St

2022
Sold
$360,000
14 Sep 2022 by Yasmeen Denha, of Inside Realty, LLC
2019
Sold
$45,000
02 Aug 2019 by Randy Palmer, of Palmer Realty Services LLC

Happy sellers in Pontiac

100%
100% of sellers in Pontiac reported that their sale price either exceeded or met their price expectations.

Pontiac stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Pontiac over the last 12 months.

Local market activity for multi families in Pontiac

In the last 12 months, 9 multi families similar to 50 Waldo St, have been sold.

This represents a 10% increase in multi families sales when compared to the previous 12 months.

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