$219,900 for Sale
1241 michigan, bay city, MI 48708
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, 1bathcurrently 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. Do not disturb residential tenants. To schedule a showing for residential units please contact listing agent directly.
General Information
Sale Price: $219,900
Price/SqFt: $61
Status: Active
MLS#: 50206897
City: bay city
Post Office: bay city
County: Bay
Acres: 0.19
Lot Dims: irregular
Size: 3,600 sq.ft.
Acreage: 0.19 est.
Year Built: 1930
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal

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Listing By: Taylor Cobb of HOMEFLO, Phone: 989-392-7719