2311 22nd Street, Bay City City, MI 48708
NONE · Bay County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1962
Living Area
3,132 sq ft
Lot Size
0.28 acres
Lot Dimensions
0.28
Days on Market
241
MLS® Listing#
58050189995
Property Features
Cooling
Heating
Sewer
Water Source
Financial Details
Annual Taxes
$3,542
Parcel Number
16002736400600
Affordability Calculator
$85,000
Estimated monthly payment
$2,262/mo
Principal $340,000 · Est. interest $474,330 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bay City City, MI
- $237,515
- Median Listing Price
- 58
- Median Days on Market
- 1,500
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,479
- Active Listings
- This home’s price is 79% above the area median.
- Its price per sq ft is 1% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bay City City, MI.
Location
Points of Interest in Bay City City, MI
Showing the Bay City City area map.
Nearby Schools
Lincoln Center
School · 0.3 mi away
Bay City Public Schools
Secondary · 0.6 mi away
Bay City Central High School
Secondary · 0.6 mi away
All Saints Central High School
Secondary · 0.8 mi away
St James Elementary School
Elementary · 0.8 mi away
Immanuel Lutheran Church
School · 0.9 mi away
Bay City Academy
School · 0.9 mi away
Washington Elementary School
Elementary · 1.0 mi away
Hampton Elementary School
Elementary · 1.0 mi away
MacGregor Elementary School
Elementary · 1.0 mi away
Bay City Academy
School · 1.1 mi away
Trinity Evangelical Lutheran School
School · 1.6 mi away
Bay City Eastern High School
Secondary · 1.8 mi away
Bethel Lutheran School
School · 1.8 mi away
Montessori Children's House of Bay City
Elementary · 1.8 mi away
Holy Trinity School
School · 1.8 mi away
Zion Lutheran School
Secondary · 1.9 mi away
Bush Elementary School
Elementary · 2.0 mi away
Kolb Elementary School
Elementary · 2.0 mi away
LLC Bay Campus
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1610 Gratiot Avenue, Saginaw City, MI | $299,000 | 12 | — | 2,562 |
| 330 S Stewart Avenue, Big Rapids City, MI | $300,000 | 9 | 3 | 3,281 |
| 3604 DAVENPORT Avenue, Saginaw City, MI | $300,000 | 11 | 6 | 5,400 |
| 413 Creamery Road, Union City, MI | $300,000 | 7 | 4 | 3,671 |
| 1565 W Grand Boulevard, Detroit City, MI | $300,000 | 8 | 4 | 3,640 |
| 623 Lane Avenue NW 625, Grand Rapids City, MI | $305,000 | 7 | — | — |
Moving Cost Estimate
EXIT Agents in Bay City City
Listing Courtesy: HomeCoin.com - 8884002513
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