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$425,000
Est. payment /mo
8 Beds
4 Baths
3,132 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,132 sqft
Price per Sqft $135
MLS Listing ID 58050189995
Bedrooms 8
Full Baths 4
Year Built 1962
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type MultiFamily
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
Area Area92102Baycity
Interior
Heating Other Heating Source, Separate Meters
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Other
Water Other
New Construction No
Schools
School District Bay City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition OtherOwnershipSeeRemarks, ShortSaleNo
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Listed by Jonathan Minerick of HomeCoin.com
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