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$ 425,000
Est. payment | /mo
4 Baths
0.28 Acres Lot
$ 425,000
Est. payment | /mo
4 Baths
0.28 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Bay City
Subdivision Bay City
MLS Listing ID 50189995
Year Built 1962
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.28
Source MiRealSource
Property Description
Investor Opportunity with Immediate Income Purpose-built brick garden-style 4-unit offering stable cash flow and long-term investment potential. Approximately 3,132 sq. ft. with four spacious 2-bedroom, 1-bath units. Each unit offers approximately 783 sq. ft. of living space plus a full basement with washer/dryer hookups. Utilities are separately metered and tenant-paid. Taxes and insurance are approximately $5,500/year. Gross rental income is approximately $48,000/year. Convenient Bay City location near hospital, schools, shopping and restaurants. Rare opportunity for investors seeking stable cash flow, low operating expenses, and long-term upside.
Location
State MI
County Bay
Exterior
View Y/N No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by HomeCoin.com
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