502 Wilson Street, Bay City, MI 48708
502 Wilson Street, Bay City, MI 48708
502 Wilson Street, Bay City, MI 48708
502 Wilson Street, Bay City, MI 48708
502 Wilson Street, Bay City, MI 48708
502 Wilson Street, Bay City, MI 48708
Franny Kanalos
Franny Kanalos

Associate Broker License ID: 6506047312

+1(586) 243-1533

GET MORE INFORMATION

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 160,000

$ 177,000 9.6%

Est. payment | /mo

4 Beds

4 Baths

2,177 SqFt

$ 160,000

$ 177,000 9.6%

Est. payment | /mo

4 Beds

4 Baths

2,177 SqFt

Key Details

Sold Price $160,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,177 sqft

Price per Sqft $73

Subdivision Mi

MLS Listing ID 50216149

Sold Date 08/31/26

Style 2 Story

Bedrooms 4

Full Baths 4

Year Built 1900

Annual Tax Amount $1,976

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 55 x 100

Property Sub-Type Multi-Family

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!

Location

State MI

County Bay

Area Bay City (09016)

Zoning Residential

Rooms

Basement Poured

Interior

Interior Features 9 ft + Ceilings, Cable/Internet Avail., Hardwood Floors, Window Treatment(s)

Heating Forced Air

Fireplaces Type Decorative Fireplace

Fireplace Yes

Appliance Dryer, Microwave, Range/Oven, Refrigerator, Washer

Exterior

Exterior Feature Wood

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Wood

Schools

Elementary Schools Kolb Elementary

Middle Schools Handy Middle School

High Schools Central High School

School District Bay City School District

Others

Ownership Private

SqFt Source Public Records

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices, Bay City
Bought with Ayre/Rhinehart Bay REALTORS

NEARBY SCHOOL & BUSINESS

Franny Kanalos

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI 48036, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Franny Kanalos, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

502 Wilson Street