Land Contract Opportunity ? 3-Unit Apartment Building! This 3-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. It includes a 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors or buyers looking for rental income. The 3-bedroom unit and one 1-bedroom unit are currently occupied by tenants, providing immediate cash flow. This property is a solid investment with potential for updates and increased income. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $775/$600/$625 All month to month contract
General Information
Sale Price: $135,000
Price/SqFt: $48
Status: Active
MLS#: 50196140
City: bay city
Post Office: bay city
Schools: bay city school district
County: Bay
Subdivision: jennisons
Acres: 0.8
Lot Dim: 50x70
Bedrooms:5
Bathrooms:3 (3 full, 3 half)
Size: 2,831 sq.ft.
Acreage: 0.8 est.
Year Built: 1880
Style: Conventional Frame
Features & Room Sizes
Exterior: Vinyl Siding
Basement: Yes Cooling: Ceiling Fan(s) Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $2,172 Est. Winter Taxes: $2,025
Listing Courtesy of: Tom Webb of Century 21 Signature Realty Midland
