$62,500 for Sale
220 s carolina, saginaw, MI 48602
| Beds 2 | Baths 1 | 1,300 Sqft | 0.12 Acres |
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Property Description
**Turnkey Investment Opportunity - Tenant in Place at $900/Month!** Excellent opportunity to add a stabilized, income-producing property to your portfolio. This well-maintained home is currently tenant occupied and generating **$900 per month**, providing immediate rental income from day one and eliminating the initial vacancy period that often comes with acquiring a new investment property. The home offers a functional layout, comfortable living areas, and practical everyday space that continues to appeal to long-term renters. With established occupancy already in place, this property is ideal for investors looking for a straightforward buy-and-hold opportunity with existing cash flow and long-term upside. Conveniently located near downtown Saginaw, shopping, restaurants, schools, parks, healthcare facilities, and major roadways, the property offers easy access throughout the Great Lakes Bay Region while remaining in an established residential neighborhood with consistent rental demand. Whether you're an experienced investor expanding your portfolio or purchasing your first rental, this property offers an attractive combination of **current income, affordable entry point, location, and future appreciation potential**. **Currently rented for $900 per month. Tenant occupied. Please do not disturb tenants. 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.
General Information
Sale Price: $62,500
Price/SqFt: $48
Status: Active
MLS#: rcomi61006637
City: saginaw
Post Office: saginaw
Schools: saginaw city school district
County: Saginaw
Subdivision: storchs add
Acres: 0.12
Lot Dimensions: 44.5X120
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 1,300 sq.ft.
Acreage: 0.12 est.
Year Built: 1904
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 14x12
Bedroom 2 : 12x11
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room: 13x11
Kitchen: 13x11
Livingroom: 18x14
Pole Buildings:
Paved Road: Paved Street
Garage: 2
Garage Description: Detached Garage
Exterior: Vinyl Siding
Basement: Yes
Foundation : Michigan Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,291
Est. Winter Taxes: $292
HOA fees:
Information provided by East Central Association of REALTORS
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Listing By: Sonny Kaushik of Ikon Property Group, Phone: 810-209-9995
