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$ 425,000
Est. payment /mo
Price Dropped by $14K
2311 22nd Street Bay City, MI 48708
8 Beds
4 Baths
3,132 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,132 sqft
Price per Sqft $135
Subdivision Mi
MLS Listing ID 50189995
Style 1 Story
Bedrooms 8
Full Baths 4
Year Built 1962
Annual Tax Amount $3,542
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.28
Property Sub-Type Multi-Family
Property Description
Investor Opportunity with Immediate Income Purpose-built brick garden-style 4-unit offering stable cash flow and long-term investment potential. Approximately 3,132 sq. ft. with four spacious 2-bedroom, 1-bath units. Each unit offers approximately 783 sq. ft. of living space plus a full basement with washer/dryer hookups. Utilities are separately metered and tenant-paid. Taxes and insurance are approximately $5,500/year. Gross rental income is approximately $48,000/year. Convenient Bay City location near hospital, schools, shopping and restaurants. Rare opportunity for investors seeking stable cash flow, low operating expenses, and long-term upside.
Location
State MI
County Bay
Area Bay City (09016)
Interior
Heating Other-See Remarks
Fireplace No
Building
Story 1 Story
Foundation Basement
Water Other-See Remarks
Schools
School District Bay City School District
Others
Ownership Other/See Remarks
SqFt Source Other (SourceSqft)
Energy Description Other
Financing Cash,Conventional
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