This upgraded garden-style fourplex in Bay City, MI is a standout income property with immediate cash flow and long-term upside. Three of the four units are currently rented on long-term leases, providing stable income from day one. Unit 1 has been fully renovated with a new kitchen, bathroom, and walk-in shower and is ready to be leased. The other units have also received recent updates, including new LVP flooring and refreshed finishes. Each unit offers 2 bedrooms, 1 bathroom, and just under 800 sq ft of living space, along with equal basement space below for storage and washer/dryer hookups. With projected gross income of $48,000+/year and annual expenses under $5,600, the stabilized NOI is approximately $42,400. Utilities are separately metered and fully tenant-paid, maximizing net returns. Mechanicals have been thoughtfully updated, including a new water main shut-off valve and individual unit shut-offs, new expansion tanks, and backflow preventers on each of the four boilers. This property combines turnkey condition, rental flexibility, and mechanical peace of mind. Seller financing is available with 25% down. Proof of funds required for showing. Seller is a licensed real estate associate broker in the state of Michigan, acting in a personal capacity.
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