1241 Michigan Avenue, Bay City, MI 48708
1241 Michigan Avenue, Bay City, MI 48708
1241 Michigan Avenue, Bay City, MI 48708
1241 Michigan Avenue, Bay City, MI 48708
1241 Michigan Avenue, Bay City, MI 48708
1241 Michigan Avenue, Bay City, MI 48708
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 222,400
Est. payment | /mo

3 Beds

4 Baths

3,600 SqFt

Save
$ 222,400
Est. payment | /mo
Save

3 Beds

4 Baths

3,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $61

Subdivision Mi

MLS Listing ID 50205965

Style 2 Story

Bedrooms 3

Full Baths 2

Half Baths 2

Year Built 1930

Annual Tax Amount $1,909

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions irregular

Property Sub-Type Multi-Family

Property 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, 1bath 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.

Location

State MI

County Bay

Area Bay City (09016)

Interior

Heating Forced Air

Fireplace No

Building

Story 2 Story

Foundation Basement

Water Public Water

Schools

School District Bay City School District

Others

Ownership LLC

SqFt Source Estimated

Energy Description Natural Gas

Financing Cash,Conventional,FHA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Our Home & Co Real Estate
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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1241 Michigan Avenue