$425,000

50 Waldo St Pontiac, MI 48341

Estimated payment $2,561/month

Total Views 239,652
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Laundry Room
  • Baseboard Heating

About This Home

Investor's Dream! This 6-unit multifamily property at 50 Waldo St, Pontiac, MI 48341 is a prime opportunity. Three units are already occupied, generating $2,725/month, while the vacant units previously rented for $1,050 each, bringing the potential monthly income to $5,875. Each 1-bed, 1-bath unit features a spacious living room and kitchen. The mechanical room is updated, and there's a washer/dryer setup in the basement for tenant convenience. Don't miss this high-income potential investment in a growing rental market!

Listing Agent

Michael Weinraub

Vantage Realty Group, LLC License #6501416052 Listed on: 03/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,552

Year Built

  • Built in 1931

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 10 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Tile Roof

Interior Spaces

  • 1 Fireplace
  • Laundry Room

Basement

  • Partial Basement
  • Laundry in Basement

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Cable TV Available

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,552

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1931
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x150
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Water: Yes
  • Heat Type:Baseboard: Yes
  • Roofing:Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 425000.0
  • Number of Buildings: 1
  • Roof: Tile
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Laundry Features: Common Area, In Basement, Laundry Room
  • Utilities: Natural Gas Available, Cable Available, Cable Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 50x150
  • Lot Size Sq Ft: 7492.0

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3552.0
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 For Sale $425,000 +18.1% --
09/14/2022 09/14/22 Sold $360,000 +2.9% $132 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $349,900 +677.6% $129 / Sq Ft
08/02/2019 08/02/19 Sold $45,000 -25.0% $61 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $59,999 -- $81 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

About the Listing Agent

Michael Weinraub

Vantage Realty Group, LLC

(810) 644-1420

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25011033

Southwestern Michigan Association of REALTORS®

APN: 64-14-30-452-005