Investor Opportunity - Income in Place with Additional Upside! Excellent opportunity to acquire a multi-unit property with immediate rental income and significant value-add potential. The downstairs unit is currently rented for $1,050 per month, providing cash flow from day one, while the upstairs unit is approximately 80% renovated and just needs the finishing touches to unlock its full income potential. This setup gives investors the best of both worlds: an occupied unit already producing revenue and a second unit that can be completed without starting from scratch. Once the upstairs renovation is finished and leased, the property has the potential to become a strong cash-flowing asset with two income-producing units under one roof. The remaining work upstairs offers an excellent opportunity for the next owner to complete the renovation to their preferred finish level and immediately increase the property's overall value and rental income. For investors focused on buy-and-hold, BRRRR, or long-term cash flow, this is the type of project where a relatively manageable amount of remaining work can create meaningful upside. The property also benefits from a practical layout, established residential setting, and convenient access to downtown Saginaw, shopping, restaurants, schools, parks, healthcare facilities, and major roadways. Whether you're looking to expand an existing rental portfolio or purchase a property where you can force appreciation through completion of the second unit, this is an opportunity worth a serious look. Downstairs unit currently rented for $1,050 per month. Upstairs renovation approximately 80% complete. Tenant occupied--please do not disturb occupants. Showings by confirmed appointment only. Novation: Buyer holds an equitable interest in the property and is marketing the property with the owner's authorization for the purpose of locating a new buyer.
Listing Courtesy of Ikon Property Group, Office Phone: 810-209-9995
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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.
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