$119,000 pending
248 adams, bay city, MI 48708
Property Description
Land Contract Opportunity ? Income-Generating 2-Unit Apartment Building! This 2-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. The property features two 3-bedroom, 1-bath units, both currently rented, providing immediate rental income. Ideal for investors or buyers seeking steady cash flow, this property also offers potential for updates and increased returns. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $850/775 - 1 unit lease month to month, 2nd unit lease up March 31 2026
General Information
Sale Price: $119,000
Price/SqFt: $62
Status: Pending
MLS#: 50196126
City: bay city
Post Office: bay city
Schools: bay city school district
County: Bay
Subdivision: lot 14 blk 115 lower saginaw
Acres: 0.1
Lot Dim: 44x100
Bedrooms:6
Bathrooms:2 (2 full, 2 half)
Size: 1,922 sq.ft.
Acreage: 0.1 est.
Year Built: 1900
Style: 2 Story
Features & Room Sizes
Exterior: Wheelchair Access,Porch,Sidewalks
Basement: Yes
Cooling: Ceiling Fan(s)
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $1,710
Est. Winter Taxes: $2,025
Listing Courtesy of: Thomas Webb of Century 21 Signature Realty
Information provided by Saginaw Board of REALTORS
®
Listing information provided courtesy of the Saginaw Board of REALTORS
®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
This listing last updated: Sun, December 21, 2025 at 9:43:46 PM EST
SBR Listing Data Last Updated on Thu, December 25 2025 at 1:08am
