704 S WARNER Street Bay City, MI 48706 5040

Long time multi unit property in a very nice section of the City. Rental certified and inspected on an annual basis. Two of the units are currently rented the other was just vacated. The two lower units are one bedroom and the upper unit has two bedrooms. Consistent income producer and possibility of rental increase based on current market conditions. Land contact available at terms to be negotiated with at least $10,000 down. All information subject to verification by prospective buyer. This property was built in the late 1800's and therefore it is not in "like new" condition although it is a safe building to live in as evidenced by the City Inspections over the years and that fact that it has been insured as a rental property. The owner will consider any credible offer and will provide a discount for a cash transaction. At full rent the property can produce a payback of 26% annually which creates a 3.7 year payback at list price. Net annual profit is approximately $12,000.