$244,900

1241 Michigan Avenue, Bay City, MI 48708

  • 3 beds |
  • 4 baths |
  • 3,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $68/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

Turnkey mixed-use opportunity in the heart of Bay City perfect for investors seeking strong monthly cash flow or owner-occupants who want their business space paid for by tenants. This 4-unit property features two residential apartments and two commercial storefronts. The upper residential unit is a 2 bed, 1 bath currently rented at $1,100/month and has been updated with new flooring and fresh paint. The lower residential unit is a 1 bed, 1 bath rented at $500/month to a long-term, reliable tenant. Both provide immediate, stable income from day one. The two commercial units a salon and an office are vacant and ready for occupancy or lease. Each has been recently refreshed with new flooring and fresh paint and could easily rent for around $1,000 per month each. For investors, this is a clear path to strong cash flow with upside as you bring the commercial spaces online. For owner-occupants, this is the ideal house hack on a commercial scale: operate your business in the salon or office and let the other three units cover your mortgage and expenses potentially giving you a space for your business for free. Whether your goal is steady income, long-term appreciation, or a live/work setup that pays for itself, this property offers flexibility, upside, and immediate returns. Please do not disturb tenants.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 6:41AM
Listing Office:
Our Home & Co Real Estate : 9893927719
Listing Agent:
Taylor Cobb : 9899543087
MLS ID:
61050198379
  • Heating: Forced airNatural gasSeparate meters
  • General: TwoBasement
  • Originating MLS: Saginaw Board of REALTORS
  • School District: Bay city
  • County: Bay
  • Zoning: LOT 4 & W 5.5 FT OF LOT 5 BLK 1 JOHNSON & LEWIS 1ST ADD TO BC16003345100800
  • Water: Public
  • Sewer: Public sewer
  • Source: Saginaw Board of REALTORS

This listing courtesy of Taylor Cobb , Our Home & Co Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Macgregor Elementary School

1012 Fremont St, Bay City, MI, 48708

Grades KG-5

0.24 miles away

H

Handy Middle School

601 Blend St, Bay City, MI, 48706

Grades 6-8

2.87 miles away

B

Bay City Central High School

1624 Columbus Ave, Bay City, MI, 48708

Grades 9-12

1.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.