300 S Farragut Street, Bay City, MI 48708

$120,000
5
BD
3
BA
2,831
SqFt

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Sold Price
$120,000
List Price
$135,000
Status
CLOSED
Days on Market
118
Closing Date
Apr 30, 2026
MLS#
50196142
Subtype
Residential Income
Year Built
1880
Bedrooms
5
Bathrooms
3
Full Baths
3
Living Area
2,831
Lot Size
34,848
Acres
0.80
Subdivision
Jennisons
MLS Area Major
Bay City

Property Description

Land Contract Opportunity – 3-Unit Apartment Building! This 3-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. It includes a 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors or buyers looking for rental income. The 3-bedroom unit and one 1-bedroom unit are currently occupied by tenants, providing immediate cash flow. This property is a solid investment with potential for updates and increased income. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $775/$600/$625 All month to month contract

Additional Information

Interior Features
First Floor Bedroom, Living Room
Exterior Features
Sidewalks
Taxes
$2,834
Zoning
Multi-Family, Residential
Appliances
Range/Oven, Refrigerator
Heating
Forced Air
Air Conditioning
Ceiling Fan(s)
Stories
2
Levels
Two
Foundation
Basement
Parking Features
2 Spaces, Unassigned, On Street
School District
Bay City School District

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Listing Courtesy of Century 21 Signature Realty Midland, Office Phone: 989-837-2100

Selling Office: RE/MAX Results.

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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.