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About the Listing 15571 - 201312,207743
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
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
50196142
Year Built
1880
Total Square Footage
2,831
Lot/Acreage
0.8
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Range/Oven, Refrigerator
- Air Cond: Ceiling Fan(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2831
- 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: 50x70
- Zoning: Multi-Family,Residential
- Roof:
- Others: Deck,Sidewalks
- Sewer: Public Sanitary
- Parking Features: 2 Spaces,Unassigned/General,On Street
Financial Details
- Tax Amount: $2,834
- 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
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Questions About..
300 S Farragut Bay City, MI 48708
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