$119,000

248 Adams Street, Bay City, MI 48708

  • 6 beds |
  • 2 baths |
  • 1,922 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $62/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

Listing Agent: Thomas Webb Broker: Century 21 Signature Realty: 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 Status:
Pending
Listing Office:
Century 21 Signature Realty : 989-921-7000
Listing Agent:
Thomas Webb : 989-492-0650
MLS ID:
50196126
  • General: Living Room
  • Appliances: Range/OvenRefrigerator
  • Laundry: First Floor Laundry
  • Basement: BlockExterior Entry
  • A/C: Ceiling Fan(s)
  • Heating: Forced Air
  • Disability Feature: Wheelchair Access
  • General: Sidewalks
  • Other Structures: Porch
  • Parking: 2 SpacesUnassignedOn StreetParking spaces: 2
  • General: Vinyl SidingTwoBasement
  • Road/Access: City/County
  • Originating MLS: MiRealSource
  • School District: Bay City School District
  • County: Bay
  • Zoning: N 45 FT OF LOT 14 BLK 115 LOWER SAGINAW
  • Water: Public
  • Sewer: Public Sanitary
  • Source: MiRealSource
  • Ownership: LLC

This listing courtesy of Thomas Webb, Century 21 Signature Realty

Monthly Payment

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

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Location

Schools Nearby

W

Washington Elementary School

1821 McKinley St, Bay City, MI, 48708

Grades KG-5

0.84 miles away

H

Handy Middle School

601 Blend St, Bay City, MI, 48706

Grades 6-8

1.51 miles away

B

Bay City Central High School

1624 Columbus Ave, Bay City, MI, 48708

Grades 9-12

0.72 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.