Do not miss your chance at this incredible investment opportunity. Highlights include a new roof, a freshened exterior, four newly rehabbed units, and split electric and gas. Purchase this fully rented fourplex and start generating $2,938 in monthly rent, with the currents owners seeing a net operating income of $20,466 and a cap rate of 13.6%! Located close to the Farmers Market, Holidays in the Heart of the City, Ojibway Island, the Japanese Cultural Center, Saginaw Children’s Zoo, multiple outdoor areas like the Franke N Anderson Water and Skate Park, and the YMCA this property is sure to provide something for everyone.
Last Agent to Sell the Property
Real Estate One Great Lakes Bay License #SBR-6501436922 Listed on: 08/28/2024
Last Buyer's Agent
Real Estate One Great Lakes Bay License #SBR-6501436922 Listed on: 08/28/2024
Home Type
Multi-Family
Est. Annual Taxes
$1,278
Year Built
1869
Lot Details
0
Listing Details
Interior Features
Exterior Features
Utilities
Lot Info
Rental Info
Tax Info
Multi Family
MLS Schools
$138,000
A large multi-family residence tucked away in a quiet neighborhood, this fourplex offers 4 separate living units. Two spacious 1-bedroom units and two comfortable 2-bedroom units. Split electric and gas. It’s a fantastic investment opportunity! The property features a newer roof and interior updates, making it move-in ready for your new tenants. Conveniently located near the market, zoo,
Ruthy Moura Century 21 Signature Realty
$130,000
Income-Producing Duplex Opportunity! Brick duplex featuring a spacious 3 bed, 1 bath Unit A and a 2 bed, 1 bath Unit B. Each unit has its own entrance, kitchen, updated flooring, and private bathroom. Separate gas, electric, and water meters—tenants pay their own utilities. Functional layout, baseboard heat, and a large shared driveway for easy parking. Live in one, rent the other—perfect for
Troy Schearer JPAR - Great Lakes Bay Region
$149,900
Long time producing duplex with long time tenants. Each unit has a two bedroom one full bath floorplan. Recently re-roofed including being re-sheeted. Tenant covers all carrying costs and each unit is metered separately. Duplex is Section 8 approved. Both long term tenants in lease agreements until August 2026.
Gavin Wilson Wilson Realty
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $130,000 | Saginaw Bay Area Title | |
| Warranty Deed | $130,000 | Saginaw Bay Area Title | |
| Warranty Deed | $30,000 | Saginaw Bay Area Title | |
| Warranty Deed | $37,000 | Homeland Title Services | |
| Warranty Deed | $25,000 | Crossroads Title | |
| Quit Claim Deed | $2,500 | -- | |
| Deed | $5,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $104,000 | New Conventional | |
| Closed | $104,000 | New Conventional |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $138,000 | +6.2% | $54 / Sq Ft |
| 12/18/2024 12/18/24 | Sold | $130,000 | -13.3% | $51 / Sq Ft |
| 10/29/2024 10/29/24 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $150,000 | +400.0% | $58 / Sq Ft |
| 01/05/2024 01/05/24 | Sold | $30,000 | -18.9% | $12 / Sq Ft |
| 12/27/2023 12/27/23 | Pending | -- | -- | -- |
| 12/13/2023 12/13/23 | For Sale | $37,000 | 0.0% | $14 / Sq Ft |
| 07/08/2022 07/08/22 | Sold | $37,000 | -17.6% | $14 / Sq Ft |
| 06/13/2022 06/13/22 | Pending | -- | -- | -- |
| 06/11/2022 06/11/22 | Price Changed | $44,900 | 0.0% | $17 / Sq Ft |
| 06/11/2022 06/11/22 | For Sale | $44,900 | +21.4% | $17 / Sq Ft |
| 05/23/2022 05/23/22 | Off Market | $37,000 | -- | -- |
| 05/05/2022 05/05/22 | For Sale | $49,900 | +99.6% | $19 / Sq Ft |
| 02/14/2022 02/14/22 | Sold | $25,000 | -44.3% | $10 / Sq Ft |
| 02/01/2022 02/01/22 | Pending | -- | -- | -- |
| 01/20/2022 01/20/22 | Price Changed | $44,900 | 0.0% | $17 / Sq Ft |
| 01/20/2022 01/20/22 | For Sale | $44,900 | -10.2% | $17 / Sq Ft |
| 01/12/2022 01/12/22 | Price Changed | $50,000 | -33.2% | $19 / Sq Ft |
| 01/11/2022 01/11/22 | Price Changed | $74,900 | +49.8% | $29 / Sq Ft |
| 01/03/2022 01/03/22 | Pending | -- | -- | -- |
| 12/06/2021 12/06/21 | Price Changed | $50,000 | -23.0% | $19 / Sq Ft |
| 10/25/2021 10/25/21 | Price Changed | $64,900 | -13.4% | $25 / Sq Ft |
| 10/19/2021 10/19/21 | For Sale | $74,900 | -- | $29 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,278 | $22,000 | $0 | $0 |
| 2023 | $2,283 | $19,900 | $0 | $0 |
| 2022 | $805 | $16,600 | $0 | $0 |
| 2021 | $1,724 | $12,100 | $0 | $0 |
| 2020 | $1,601 | $11,400 | $0 | $0 |
| 2019 | $1,561 | $11,100 | $800 | $10,300 |
| 2018 | $1,405 | $10,473 | $0 | $0 |
| 2017 | $1,490 | $10,150 | $0 | $0 |
| 2016 | $1,376 | $10,080 | $0 | $0 |
| 2014 | -- | $10,148 | $0 | $9,279 |
| 2013 | -- | $10,217 | $0 | $0 |
Seller's Agent in 2025
Ruthy Moura
Century 21 Signature Realty
(989) 921-7000
25 Total Sales
Seller's Agent in 2024
Brittani Purman
Real Estate One Great Lakes Bay
(989) 898-1569
2 in this area
68 Total Sales
Seller's Agent in 2022
Keisha Taylor
Taylored Elite Estates LLC
(989) 714-7802
1 in this area
86 Total Sales
C
Seller's Agent in 2022
Charles Thomas
eXp Realty
Buyer's Agent in 2022
Seth Vendelboe
NextHome Greater Tri-cities
(989) 637-6701
1 in this area
192 Total Sales
Source: Michigan Multiple Listing Service
MLS Number: 50153653
APN: 91200299000000
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Source MLS: MiRealSource
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