2311 22nd ST Active Save Request In-Person Tour Request Virtual Tour
Bay City,MI 48708
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,132 sqft
Price per Sqft $143
MLS Listing ID 58050189995
Bedrooms 8
Full Baths 4
Year Built 1962
Property Sub-Type MultiFamily
Property Description
Investor Opportunity with Immediate Income & Upside. Purpose-built garden-style 4-Unit offering stable cash flow and clear value-add potential. Each unit is approx. 800sq ft with equal basement space and washer/dryer hookups. All units feature refreshed finishes, and mechanical improvements. Two unites leased at $850/mo to long-term legacy tenants (below-market), one unit at $1,000/mo and one fully renovated ready to lease at $1,050/month. Separately metered, tenant paid utilities maximize cash flow. Taxes + insurance are approx. $5,500/year. Estimated full-leased gross income of approx. $45,000/year. Strong value-add upside makes these ideas for investors or house hackers seeking immediate income and long-term growth.
Location
State MI
County Bay
Area Area92102Baycity
Interior
Heating OtherHeatingSource, SeparateMeters
Exterior
View Y/N No
Building
Foundation Basement
Sewer Other
Water Other
New Construction No
Schools
School District Baycity
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition OtherOwnershipSeeRemarks, ShortSaleNo