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$ 119,000
Est. payment /mo
Pending
248 Adams Street Bay City, MI 48708
6 Beds
2 Baths
1,922 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,922 sqft
Price per Sqft $61
Subdivision Mi
MLS Listing ID 50196127
Style 2 Story
Bedrooms 6
Full Baths 2
Year Built 1900
Annual Tax Amount $2,822
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi-Family
Property Description
Land Contract Opportunity – Income-Generating 2-Unit Apartment Building! This 2-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. The property features two 3-bedroom, 1-bath units, both currently rented, providing immediate rental income. Ideal for investors or buyers seeking steady cash flow, this property also offers potential for updates and increased returns. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $850/775 - 1 unit lease month to month, 2nd unit lease up March 31 2026
Location
State MI
County Bay
Area Bay City (09016)
Zoning Multi-Family,Residential
Rooms
Basement Block, Outside Entrance
Multi-Unit Info
Total Units 2
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Exterior
Exterior Feature Vinyl Siding
Building
Lot Description Platted, Sidewalks
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Bay City School District
Others
Ownership LLC
Energy Description Natural Gas
Financing Land Contract
Listed by Century 21 Signature Realty Midland