Land Contract Opportunity – Income-Generating 2-Unit Apartment Building! This 2-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. The property features two 3-bedroom, 1-bath units, both currently rented, providing immediate rental income. Ideal for investors or buyers seeking steady cash flow, this property also offers potential for updates and increased returns. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $850/775 - 1 unit lease month to month, 2nd unit lease up March 31 2026
Sold for $110,000
Zestimate®
$110,000
248 Adams St, Bay City, MI 48708
6beds
1,922sqft
Multi Family
Built in 1900
-- sqft lot
$110,000 Zestimate®
$57/sqft
$1,000 Estimated rent
Home value
$110,000
$103,000 - $117,000
$1,000/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 07, 2026 at 12:50pm
Listed by:
Thomas Webb 989-492-0650,
Century 21 Signature Realty,
Karah Ralph 989-252-7811,
Century 21 Signature Realty Midland
Bought with:
Ryan Kelly, 6501422177
The Brand Real Estate
Source: MiRealSource,MLS#: 50196126
Originating MLS: Saginaw Board of REALTORS
Originating MLS: Saginaw Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Features: No
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range/Oven, Refrigerator
- Laundry: First Floor Laundry
Features
- Basement: Block,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 1,922
- Total interior livable area: 1,922 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Spaces, On Street, Unassigned
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Wheelchair Access, Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Entrance, Main Floor Laundry
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Sidewalks
- Frontage length: 44
Lot
- Size: 4,356 sqft
- Dimensions: 44 x 100
- Features: Platted, Sidewalks, Subdivision
Details
- Parcel number: 16002813700300
- Zoning description: Multi-Family,Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Bay City
- Subdivision: Lot 14 Blk 115 Lower Saginaw
HOA & financial
Other financial information
- Total actual rent: 1625
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Land Contract
- Ownership type: LLC
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/7/2026 | Sold | $110,000-7.6%$57/sqft |
Source:  MiRealSource #50196126 Report a problem | ||
| 12/22/2025 | Pending sale | $119,000$62/sqft |
Source: MiRealSource #50196126 Report a problem | ||
| 12/15/2025 | Listed for sale | $119,000+4747.3%$62/sqft |
Source: MiRealSource #50196126 Report a problem | ||
| 3/7/2012 | Sold | $2,455$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,234 | $34,400 +6.5% |
| 2023 | -- | $32,300 +11.4% |
| 2022 | -- | $29,000 +8% |
Find assessor info on the county website
Neighborhood: 48708
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Handy Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Bay City Central High SchoolGrades: 9-12Distance: 0.7 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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