Two-story residence featuring light blue siding, a covered front porch, and a mature front yard
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220 S Carolina Street

Saginaw, Michigan 48602
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Bed 2

Bed

Bath 1

Bath

SqFt1,300

Sqft

Acres0.12

Acre(Lot)

**Turnkey Investment Opportunity – Tenant in Place at $900/Month!** Excellent opportunity to add a stabilized, income-producing property to your portfolio. This well-maintained home is currently tenant occupied and generating **$900 per month**, providing immediate rental income from day one and eliminating the initial vacancy period that often comes with acquiring a new investment property. The home offers a functional layout, comfortable living areas, and practical everyday space that continues to appeal to long-term renters. With established occupancy already in place, this property is ideal for investors looking for a straightforward buy-and-hold opportunity with existing cash flow and long-term upside. Conveniently located near downtown Saginaw, shopping, restaurants, schools, park s, healthcare facilities, and major roadways, the property offers easy access throughout the Great Lakes Bay Region while remaining in an established residential neighborhood with consistent rental demand. Whether you're an experienced investor expanding your portfolio or purchasing your first rental, this property offers an attractive combination of **current income, affordable entry point, location, and future appreciation potential**. **Currently rented for $900 per month. Tenant occupied. Please do not disturb tenants. 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.

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Detail Ic Property Details

Property Type : Residential

Price : $62,500

AD Id : 87027947

MLS Id : 20261048958

Beds : 2

Lot Size : 0.12 Acre

Living Area Size : 1,300 Sq. Ft

Tax Amount : $1,583

Year Built : 1904

Garage : 2 Car

County : Saginaw

Subdivision: Walden Hills Ii Condo

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1
  • Room Information

    Total Rooms: 6
  • Heating & Cooling

    Heating: Forced Air Heating Fuel: Natural Gas

  • Building Information

    Year Built: 1904 Building Stories: 2 Story Foundation/Basement: Michigan Basement Architecture: Bungalow
  • Exterior Features

    Construction: Vinyl
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.12 Lot Dimensions: 44.5X120 Frontage Feet: 50
  • Property Information

    SQ ft: 1300 Subdivision: Storchs Add Financing: Cash

  • Listing Price Information

    Original List Price: $70,000
  • Listing Information

    Possession: At Close Legal Description: LOT 1,BLK.336,STORCHS ADDITION ALSO THE NW'LY 1/2 OF ADJ VACATED ALLEY.

  • Tax Information

    Annual Tax: $1,583 Parcel Number: 20258200000
  • Possession

    At Close
  • Legal Information

    Legal Description: Section: LOT 1,BLK.336,STORCHS ADDITION ALSO THE NW'LY 1/2 OF ADJ VACATED ALLEY.

  • Parking Information

    Has Garage: Yes Garage Size: 2 Car Garage Description: Detached
  • Multi-Unit Information

    Road Frontage: Paved

  • School Information

    School District: Saginaw City
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2655 Ohio Avenue , Saginaw, MI, 48602 $35,000 2 1 858 0.23 Acre
4042 Webber Street , Saginaw, MI, 48602 $54,900 2 1 896 0.12 Acre
2535 Schaefer Street , Saginaw, MI, 48602 $79,900 3 1.5 1,080 0.08 Acre
2518 Hermansau Street , Saginaw, MI, 48602 $97,500 3 2 1,430 0.23 Acre
815 Reed Street , Saginaw, MI, 48602 $54,000 2 1 818 0.15 Acre
2765 Cecelia Street , Saginaw, MI, 48602 $169,000 3 1.5 1,680 0.23 Acre
2414 Benjamin Street , Saginaw, MI, 48602 $79,900 3 1 1,262 0.12 Acre
928 N Webster Street , Saginaw, MI, 48602 $69,900 2 1 2,031 0.10 Acre
1314 Union Avenue , Saginaw, MI, 48602 $25,900 3 1 1,098 0.16 Acre
1009 N Bond Street, Saginaw, MI, 48602 $84,900 3 2 1,527 0.13 Acre
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 09/30/2026 @ 20:59

MLS: 20261048958 LISTED BY: Sonny Kaushik , Ikon Property Group 810-209-9995 SOURCE: Realcomp II Ltd

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