20
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$144,900
Est. payment /mo
4 Beds
2 Baths
1,597 SqFt
Price Dropped by $10K
1813 3rd Street Bay City, MI 48706
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,597 sqft
Price per Sqft $90
Subdivision Mi
MLS Listing ID 50198673
Style 2 Story
Bedrooms 4
Full Baths 2
Year Built 1880
Annual Tax Amount $2,568
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 7492
Property Sub-Type Multi-Family
Property Description
Whether you're looking to expand your rental portfolio or purchase your first income-producing property, this Certified Rental duplex offers a compelling investment opportunity in one of Bay City's established rental markets. Conveniently located just minutes from Downtown Bay City, near Carol Park and the Johnson Street Business District, this property provides strong rental appeal with easy access to shopping, dining, parks, and major employers. Designed for efficient property management, the duplex features separate heating systems and separate hot water tanks for each unit, helping simplify utility responsibilities. Recent capital improvements include a new Concord 95 furnace (2022) serving the larger unit and new baseboard heating in the smaller unit, reducing near-term maintenance concerns. Both units are clean, well maintained, and move-in ready. The property is currently vacant, giving investors the flexibility to establish market-rate rents or allowing an owner-occupant to offset their mortgage through rental income. The smaller unit has historically rented for approximately $720 per month, while the larger unit has rented for approximately $950 per month, offering an attractive opportunity for immediate cash flow. With rental certification already in place and recently renewed, key mechanical updates completed, and a location that continues to attract tenants, this duplex is well suited for investors seeking a straightforward, income-producing asset or buyers interested in building long-term wealth through real estate.
Location
State MI
County Bay
Area Bay City (09016)
Interior
Heating Baseboard, Forced Air
Fireplace No
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Bay City School District
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Bay Realty Michigan
Nearby Locations
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