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$ 135,000
Est. payment /mo
Active
300 S Farragut Street Bay City, MI 48708
5 Beds
3 Baths
2,831 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,831 sqft
Price per Sqft $47
Subdivision Mi
MLS Listing ID 50196140
Style 2 Story
Bedrooms 5
Full Baths 3
Year Built 1880
Annual Tax Amount $2,834
Tax Year 2025
Lot Size 0.800 Acres
Acres 0.8
Property Sub-Type Multi-Family
Property Description
Land Contract Opportunity – 3-Unit Apartment Building! This 3-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. It includes a 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors or buyers looking for rental income. The 3-bedroom unit and one 1-bedroom unit are currently occupied by tenants, providing immediate cash flow. This property is a solid investment with potential for updates and increased income. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $775/$600/$625 All month to month contract
Location
State MI
County Bay
Area Bay City (09016)
Zoning Multi-Family,Residential
Rooms
Basement Block, Outside Entrance
Multi-Unit Info
Total Units 3
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