Land Contract Opportunity – Income-Generating 2-Unit Apartment Building! This 2-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. The property features two 3-bedroom, 1-bath units, both currently rented, providing immediate rental income. Ideal for investors or buyers seeking steady cash flow, this property also offers potential for updates and increased returns. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $850/775 - 1 unit lease month to month, 2nd unit lease up March 31 2026
Sold for $110,000
$110,000
248 Adams St, Bay City, MI 48708
6beds
1,922sqft
Multi Family
Built in 1900
-- sqft lot
$116,000 Zestimate®
$57/sqft
$928 Estimated rent
Home value
$116,000
$96,000 - $140,000
$928/mo
Zestimate® history
Owner options
List your home for rent
$928/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$928/mo
Rent Zestimate®
Refinance and save
$594/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$594/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Thomas Webb 989-492-0650,
Century 21 Signature Realty,
Karah Ralph 989-252-7811,
Century 21 Signature Realty Midland
Bought with:
Ryan Kelly, 6501422177
The Brand Real Estate
Source: MiRealSource,MLS#: 50196126
Originating MLS: Saginaw Board of REALTORS
Originating MLS: Saginaw Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Laundry, Living Room
Bedroom 1
- Features: No
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range/Oven, Refrigerator
- Laundry: First Floor Laundry
Features
- Basement: Block,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 1,922
- Total interior livable area: 1,922 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Spaces, On Street, Unassigned
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Wheelchair Access, Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Entrance, Main Floor Laundry
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Sidewalks
- Frontage length: 44
Lot
- Size: 4,356 Square Feet
- Dimensions: 44 x 100
- Features: Platted, Sidewalks, Subdivision
Details
- Parcel number: 16002813700300
- Zoning description: Multi-Family,Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Lot 14 Blk 115 Lower Saginaw
Location
- Region: Bay City
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $82,200
- Annual tax amount: $2,822
- Date on market: 12/15/2025
- Cumulative days on market: 6 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Land Contract
- Ownership type: LLC
- Lease term: Month To Month
- Total actual rent: 1625
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/7/2026 | Sold | $110,000-7.6%$57/sqft |
Source:  MiRealSource #50196126 Report a problem | ||
| 12/22/2025 | Pending sale | $119,000$62/sqft |
Source: MiRealSource #50196126 Report a problem | ||
| 12/15/2025 | Listed for sale | $119,000+4747.3%$62/sqft |
Source: MiRealSource #50196126 Report a problem | ||
| 3/7/2012 | Sold | $2,455$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,541 +13.7% | $41,100 +19.5% |
| 2024 | $2,234 | $34,400 +6.5% |
| 2023 | -- | $32,300 +11.4% |
| 2022 | -- | $29,000 +8% |
| 2021 | -- | $26,850 +13.1% |
| 2020 | $2,528 | $23,750 +5.3% |
| 2019 | -- | $22,550 +3% |
| 2018 | $2,528 +15.3% | $21,900 +2.3% |
| 2017 | $2,192 | $21,400 -3.8% |
| 2016 | $2,192 | $22,250 -2% |
| 2015 | $2,192 -26.4% | $22,700 -34% |
| 2014 | $2,978 | $34,400 +16.6% |
| 2013 | -- | $29,500 -11.1% |
| 2012 | -- | $33,200 -16.3% |
| 2011 | -- | $39,650 +5.7% |
| 2010 | -- | $37,500 -0.1% |
| 2009 | -- | $37,550 +12.9% |
| 2008 | -- | $33,250 +10.1% |
| 2007 | -- | $30,200 +3.1% |
| 2006 | -- | $29,300 |
| 2005 | -- | $29,300 +13.1% |
| 2004 | -- | $25,900 +7.5% |
| 2003 | -- | $24,100 |
| 2002 | $1,075 | $24,100 +20.5% |
| 2000 | -- | $20,000 |
Find assessor info on the county website
Neighborhood: 48708
Nearby homes
- $205,200-- bd-- ba-- sqft246 Adams St, Bay City, MI 48708Off Market
- $202,600-- bd-- ba-- sqft404 10th St, Bay City, MI 48708Off Market
- $202,600-- bd-- ba-- sqft250 Adams St, Bay City, MI 48708Off Market
- $106,7002 bd1 ba1.4k sqft242 Adams St, Bay City, MI 48708Off Market
- $162,6004 bd5 ba2.1k sqft249 N Jefferson St, Bay City, MI 48708Off Market
- $4,2004,791 Square Feet247 N Jefferson St, Bay City, MI 48708Off Market
- $237,2004 bd4 ba2.7k sqft406 10th St, Bay City, MI 48708Off Market
- $109,5003 bd1 ba1.1k sqft236 Adams St, Bay City, MI 48708Off Market
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Handy Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Bay City Central High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Bay City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Michigan
- Bay County
- Bay City
- 48708
- 248 Adams St
Nearby cities
Nearby zip codes
Other Bay City Topics
