UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $57
Subdivision City Of Saginaw In Div South Of Cass Street
MLS Listing ID 20261048953
Style Bungalow
Bedrooms 4
Full Baths 2
Year Built 1924
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type SingleFamilyResidence
Property Description
Excellent opportunity to acquire a multi-unit property with immediate rental income and significant value-add potential. The downstairs unit is currently rented for $1,050 per month, providing cash flow from day one, while the upstairs unit is approximately 80% renovated and just needs the finishing touches to unlock its full income potential.
This setup gives investors the best of both worlds: an occupied unit already producing revenue and a second unit that can be completed without starting from scratch. Once the upstairs renovation is finished and leased, the property has the potential to become a strong cash-flowing asset with two income-producing units under one roof.
The remaining work upstairs offers an excellent opportunity for the next owner to complete the renovation to their preferred finish level and immediately increase the property's overall value and rental income. For investors focused on buy-and-hold, BRRRR, or long-term cash flow, this is the type of project where a relatively manageable amount of remaining work can create meaningful upside.
The property also benefits from a practical layout, established residential setting, and convenient access to downtown Saginaw, shopping, restaurants, schools, parks, healthcare facilities, and major roadways.
Whether you're looking to expand an existing rental portfolio or purchase a property where you can force appreciation through completion of the second unit, this is an opportunity worth a serious look.
Downstairs unit currently rented for $1,050 per month. Upstairs renovation approximately 80% complete. Tenant occupied—please do not disturb occupants. Showings by confirmed appointment only.
Novation: Buyer holds an equitable interest in the property and is marketing the property with the owner's authorization for the purpose of locating a new buyer.
Location
State MI
County Saginaw
Area Area73072Saginaw
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Garage false
Building
Foundation Block, MichiganBasement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Saginaw City
Others
Senior Community false
Acceptable Financing Cash, Conventional, QuitClaimsDeed, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, QuitClaimsDeed, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Nearby School & Business
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761