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502 Wilson

Bay City, MI 48708
  • $177,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 50216149
UPDATED: 185 min ago
$177,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,177
    SQFT
  • $81
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Bay

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Investment Opportunity on Bay City's East Side! Expand your portfolio with this exceptionally well maintained, fully occupied four unit rental property on Bay City's East Side. Opportunities like this don't come around often, especially one that's been cared for with this level of pride and attention to detail. Whether you're a seasoned investor or looking to purchase your first income producing property, this turnkey investment is ready to generate cash flow from day one. The current owner has made significant improvements throughout the property, including a completely refinished foundation and a new roof in 2022. In 2025, the exterior was professionally scraped and painted, with damaged boards replaced as needed. Additional updates include a rebuilt front porch with repaired pillars and steps completed in 2024, plus extensive landscaping enhancements and a durable stone-crete driveway. Apartment #2 has also been beautifully remodeled with a new kitchen, updated bathroom, new windows, flooring, and more. Inside, a grand common staircase welcomes tenants and adds to the property's historic charm. The building offers a strong unit mix: Unit 1: Studio apartment with private kitchen and bathroom. Unit 2: Fully remodeled one-bedroom featuring a spacious living room, updated kitchen, and full four-piece bathroom. Unit 3: One-bedroom apartment with living area, kitchen, and private bath. Unit 4: Studio apartment with kitchen and bathroom. All kitchen appliances are included with the sale, along with the coin-operated washer and dryer located in the basement, providing additional income potential. Best of all, all four units are currently occupied, with the tenants in Units 1, 3, and 4 being long-term residents who have expressed their desire to remain after the sale offering immediate, stable rental income for the next owner. If you're looking for a quality investment with strong rental history, extensive recent improvements, and reliable cash flow, this East Side four-unit is one you won't want to miss. Schedule your private showing today!

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. 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. Data last updated: 2026-08-15T23:48:27.657.
www.sellsmi.com/homes/179216181
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502 Wilson Bay City, MI 48708

  • Price: $177,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 185 min ago
  • MLS #: 50216149
4
Beds
4
Baths
0
½ Baths
0.13
Acres
2,177
SQFT
$81
$/SQFT
1900
Built
Neighborhood:
Daglish Div Of Portsmouth
County:
Bay
Area:
Bay City (09016)
Elementary School:
Kolb Elementary
Middle School:
Handy Middle School
High School:
Central High School
School District:
Bay City School District
Property Description
Investment Opportunity on Bay City's East Side! Expand your portfolio with this exceptionally well maintained, fully occupied four unit rental property on Bay City's East Side. Opportunities like this don't come around often, especially one that's been cared for with this level of pride and attention to detail. Whether you're a seasoned investor or looking to purchase your first income producing property, this turnkey investment is ready to generate cash flow from day one. The current owner has made significant improvements throughout the property, including a completely refinished foundation and a new roof in 2022. In 2025, the exterior was professionally scraped and painted, with damaged boards replaced as needed. Additional updates include a rebuilt front porch with repaired pillars and steps completed in 2024, plus extensive landscaping enhancements and a durable stone-crete driveway. Apartment #2 has also been beautifully remodeled with a new kitchen, updated bathroom, new windows, flooring, and more. Inside, a grand common staircase welcomes tenants and adds to the property's historic charm. The building offers a strong unit mix: Unit 1: Studio apartment with private kitchen and bathroom. Unit 2: Fully remodeled one-bedroom featuring a spacious living room, updated kitchen, and full four-piece bathroom. Unit 3: One-bedroom apartment with living area, kitchen, and private bath. Unit 4: Studio apartment with kitchen and bathroom. All kitchen appliances are included with the sale, along with the coin-operated washer and dryer located in the basement, providing additional income potential. Best of all, all four units are currently occupied, with the tenants in Units 1, 3, and 4 being long-term residents who have expressed their desire to remain after the sale offering immediate, stable rental income for the next owner. If you're looking for a quality investment with strong rental history, extensive recent improvements, and reliable cash flow, this East Side four-unit is one you won't want to miss. Schedule your private showing today!
Exterior Features

Exterior Construction Wood Exterior Features PorchSidewalks Foundation Type Basement Frontage 55 Lot Size 55 x 100 Structure Style 2 Story Waterfront YN No

Interior Features

Appliances DryerMicrowaveRange/OvenRefrigeratorWasher Basement Type Poured Basement YN Yes Fireplace Features Decorative Fireplace Fireplace YN Yes Fuel Type Natural Gas Heating System Forced Air Interior Features 9 ft + CeilingsCable/Internet Avail.Hardwood FloorsWindow Treatment(s) Water Heater Gas

Property Features

Additional Documents YN No Assessments YN No Community Amenities Laundry Facility Financial Terms CashConventional Flood Insurance Not Required Flood Plain None For Sale Or Rent For Sale Inspection Complete For Well Septic No Lease YN No Municipality Bay City Municipality Type City Ownership Private Principal Res Exempt YN No Property Type Multi-Family Separate Electric YN No Separate Gas YN No Separate Heat YN No Separate Water YN No SEV 37050 Sev Year 2025 Sewer Septic Public Sanitary Sq Ft Source Public Records Subject To Short Sale Approval No Summer Tax Amount 1353.71 Summer Tax Year 2025 Taxable Value 23973 Total Tax Amount 1976.18 Total Tax Year 2025 Unit1 Occupied YN Yes Unit1 Rent Rate 550 Unit2 Occupied YN No Unit2 Rent Rate 700 Unit3 Occupied YN Yes Unit3 Rent Rate 550 Unit4 Occupied YN Yes Unit4 Rent Rate 550 Water Public Water Winter Tax Amount 622.47 Winter Tax Year 2024 Zoning Residential

Listing courtesy of Berkshire Hathaway HomeServices, Bay City : 989-892-8888.

Source MLS: MiRealSource
Originating MLS: Bay County AOR MLS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. 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.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. 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. Data last updated: 2026-08-15T23:48:27.657.
 
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