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About the Listing 15571 - 201312,207743
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
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
50196126
Year Built
1900
Total Square Footage
1,922
Lot/Acreage
0.1
County
Bay
Neighborhood
Lot 14 Blk 115 Lower Saginaw
Area
Bay City (09016)
School District
Bay City School District
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances: Range/Oven, Refrigerator
- Air Cond: Ceiling Fan(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1922
- Below Ground Sq Ft: n/a
- Basement: Block,Outside Entrance
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Platted,Sidewalks
- Garage Capacity: N/A
- Lot Dimensions: 44x100
- Zoning: Multi-Family,Residential
- Roof:
- Others: Wheelchair Access,Porch,Sidewalks
- Sewer: Public Sanitary
- Parking Features: 2 Spaces,Unassigned/General,On Street
Financial Details
- Tax Amount: $2,823
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
248 Adams Bay City, MI 48708
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