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Listed price in listed location currency (USD).
$249,900

340

MLS® 61050198379

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3600 sqft
Garage No
Taxes $1,909
Days Active 2
Lot Size 0.19 acres
Approx. Age 1930
Avg. Price Per Sqft $69
MLS® Number 61050198379

Property Address: 1241 Michigan Ave, Bay City, MI, 48708-8782

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number61050198379
Laundry Level
Central VacNo
FireplaceNo
Acreage0.19
Exterior
GarageNo
Approx. Age1930
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 28, 2026List Date
$249,900List Price
Jul 1, 2025End Date
$90,000Sold Price

Sold

Jun 3, 2025List Date
$99,900List Price
  • Commute

Commute

Starting Address
Destination Address
1241 Michigan Ave, Bay City, MI

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