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Pontiac,MI 48341
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025052921
Year Built 1931
Property Sub-Type MultiFamily
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 Area02142Pontiac
Interior
Heating Baseboard, NaturalGas
Laundry CommonArea, GasDryerHookup, InBasement, LaundryRoom
Exterior
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Roof Type Tile
Building
Sewer PublicSewer, SewerAtStreet
Water Public
Schools
School District Pontiac
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional