2 unit building with great rental history and long term tenants. Home consists of a 2 bedroom and a 1 bedroom. Each unit has separate gas and electric meters. Owner pays water. rents are below market value and could be raised to bring in even more cashflow. need 24 hours notice for showings
Sold for $75,000
$75,000
507 Garfield Ave, Bay City, MI 48708
3beds
1,700sqft
Multi Family
Built in 1920
-- sqft lot
$92,000 Zestimate®
$44/sqft
$1,182 Estimated rent
Home value
$92,000
$69,000 - $117,000
$1,182/mo
Zestimate® history
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$1,182/mo
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$405/mo
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Zillow last checked: 7 hours ago
Listing updated: June 28, 2023 at 11:58am
Listed by:
John Drzewicki 989-233-8566,
Berkshire Hathaway HomeServices, Bay City
Bought with:
Alicia Manceau, 6501296876
Century 21 Signature Realty Midland
Source: MiRealSource,MLS#: 50108949
Originating MLS: Bay County REALTOR Association
Originating MLS: Bay County REALTOR AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Hot Water
Appliances
- Included: Range/Oven, Refrigerator
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Property
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 0.25 Acres
- Dimensions: 50 x 100
Details
- Parcel number: 16002833700200
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1920
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Bay City
- Subdivision: Lot 2 Blk 216 Vill Of Portsmouth
HOA & financial
Other financial information
- Total actual rent: 1125
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2023 | Sold | $75,000+8.9%$44/sqft |
Source:  MiRealSource #50108949 Report a problem | ||
| 5/18/2023 | Pending sale | $68,900$41/sqft |
Source: MiRealSource #50108949 Report a problem | ||
| 5/16/2023 | Listed for sale | $68,900+15%$41/sqft |
Source: MiRealSource #50108949 Report a problem | ||
| 5/14/2008 | Listing removed | $59,900$35/sqft |
Source: Point2 #2080147 Report a problem | ||
| 3/28/2008 | Price change | $59,900-5.7%$35/sqft |
Source: Point2 #2080147 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,064 | $31,900 +51.9% |
| 2023 | -- | $21,000 +10.5% |
| 2022 | -- | $19,000 +7% |
Find assessor info on the county website
Neighborhood: 48708
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Handy Middle SchoolGrades: 6-8Distance: 1.8 mi
- 5/10Bay City Central High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Bay City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$92,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$92,000
- Michigan
- Bay County
- Bay City
- 48708
- 507 Garfield Ave