414 S Oakley Street, Saginaw, MI 48602
414 S Oakley Street, Saginaw, MI 48602
414 S Oakley Street, Saginaw, MI 48602
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$74,900
Est. payment /mo
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4 Beds
2 Baths
1,300 SqFt
Active

414 S Oakley Street Saginaw, MI 48602

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Jonathan Stowers

Jonathan Stowers

+1(269) 675-0215

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $57

Municipality Saginaw

Subdivision Saginaw

MLS Listing ID 20261048953

Bedrooms 4

Full Baths 2

Year Built 1924

Annual Tax Amount $1,896

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 34.45X119.5

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

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.

Location

State MI

County Saginaw

Direction From I-675, take Exit 2 toward Genesee Ave. Head east on Genesee Ave, turn south onto S Oakley St. Property is located on the east side of S Oakley St.

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Exterior

View Y/N No

Garage No

Building

Story 2

Sewer Public

Water Public

Structure Type Vinyl Siding

Others

Tax ID 17038700100

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Listed by Ikon Property Group

NEARBY SCHOOL & BUSINESS

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Jonathan Stowers

Jonathan Stowers

Agent | License ID: 6501449876

+1(269) 675-0215

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414 S Oakley Street