3 unit converted home in Bay City, MI

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3 unit converted home in Bay City, MI

Member since 2018 · 6 posts · 2 votes

$119,900 ask. $2050/month in rental income. Tenants pay most utilities. Been under contract for 3 months. Buyer having trouble getting financed. We are now out of contract. Sellers are done with buyer. Looking for new buyer. Great returns relative to the market. Currently being managed by local PM.

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  • New to Real Estate · Bay City, MI · Member since 2020 · 9 posts · 1 vote
    3y

    Where is this located? 

  • Member since 2021 · 1 post · 0 votes
    3y

    I am completely new to investing. Just wondering why we would sell a home for 119k when it is making 24k per year. 

  • MD · Member since 2017 · 24 posts · 7 votes
    3y

    Address?

  • Member since 2018 · 6 posts · 2 votes
    3y

    Located in Bay City, MI. I am the listing agent, feel free to reach out @: nine eight nine two eight four six one one seven 

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