Affordable c.1924 Multi-Unit Property with 5 Bedrooms & 2.5 Baths in Michigan Under $65K

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• 5 bed
• 2.5 bath
• 1,552 sqft
• 4,356 sqft lot

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This affordable multi-unit home presents a great investment opportunity with strong rental potential and recent updates. The property features five rooms—three currently rented (Room 1 at $375, Room 2 at $400, and Room 5 at $350), while Rooms 3 and 4, previously rented for $400 each, are currently vacant. The current monthly rental income totals $1,125, while full occupancy could generate $1,925 or more. All tenants are on 30-day leases, providing flexibility for the next owner. Shared amenities include a kitchen and 2.5 baths, with recent updates such as a refreshed full bath, some fresh paint, and hardwood flooring throughout. Appliances include a dishwasher, disposal, dryer, range/oven, refrigerator, and washer. Additional highlights include a full basement, boiler and forced air heating fueled by natural gas, a new water heater (2018), public water and sewer, a porch, and a patio—making this a practical and appealing choice for new investors.

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Saginaw, Michigan, is a city with deep historical roots, originally established as a fur-trading post in the early 1800s. It grew rapidly in the 19th century due to its booming lumber and salt industries before consolidating into its current form by the late 1800s.

Today, Saginaw’s economy has shifted from manufacturing to sectors like healthcare, education, and technology, though it has faced challenges such as population decline and economic hardship. The city has around 43,000 residents, with median household incomes near $30,000 and median home values between $110,000 and $140,000.

Culturally, Saginaw offers a vibrant arts scene with museums, murals, and a historic theater that hosts a variety of performances. The Saginaw River and surrounding parks provide scenic outdoor activities, including walking trails, river cruises, and seasonal events like ice fishing festivals.

The community is served by local public schools and nearby colleges, which contribute to workforce development. Saginaw also has a passionate sports culture, notably through its Ontario Hockey League team.

Politically, the city and county play a significant role in Michigan’s swing-state status, with residents actively engaged in addressing economic and social challenges while supporting revitalization efforts.

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Saginaw, Michigan | Drone Footage

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