Active

242 S East Street

Vassar, Michigan 48768

$164,000 $691/Mo

Get Pre-Approved Check your credit

Overview

Bed

2.5

Bath

1,986

Sqft

0.25

Acre(Lot)

Description

Perfect opportunity to set up your own business! Own & lease one unit as income. Updated 2 story home on a corner lot. Two separate addresses & meters. Updates include plumbing & electrical, fresh paint, flooring, outlet covers and some light fixtures updated in the main floor unit. Cement driveway. Shed included. Newer windows downstairs and a mix upstairs. Main apartment has 1250 sq feet, has 1-1/2 bath, and 3 bedrooms. The upstairs has 736 sq feet, 2 bedrooms and 1 bathroom. Estimated rent based on market is $1200/mo for the bottom apartment and $750/month for the upper level with a gross yearly income of $23,400. (Listing removed from the market to complete updates & reflects increase in asking price.) Can be financed FHA & VA as long as the buyer is living in one unit. Warranty negotiable.

Property Details

Property Type : Multifamily

Price : $164,000

AD Id : 75520653

MLS Id : 5050198511

Lot Size : 0.25 Acre

Living Area Size : 1,986

Year Built : 1950

County : Tuscola

Subdivision: Original City Of Vassar

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 2.5 Full Baths: 2 Half Baths: 1
Heating & Cooling

Cooling: Ceiling Fan(s),Central Air Heating: Forced Air,Separate Meters,Wall Furnace Heating Fuel: Natural Gas

Building Information

Year Built: 1950 Building Stories: 2 Story Total Units: 2 Foundation/Basement: Crawl,Basement
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.25 Lot Dimensions: 170 x 70
Property Information

SQ ft: 1986 Subdivision: Original City of Vassar Financing: Cash,Conventional,FHA

Listing Price Information

Original List Price: $165,000
Listing Information

Possession: Close Plus 30 Days Legal Description: ASST LC L541 PG 518 T11N R&E LOT 10 BLK 29 ORIG PLAT CITY OF VASSAR

Tax Information

Annual Tax: $3,768 Parcel Number: 051500129100000
Possession

Close Plus 30 Days
Legal Information

Legal Description: Section: ASST LC L541 PG 518 T11N R&E LOT 10 BLK 29 ORIG PLAT CITY OF VASSAR

School Information

School District: Vassar
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

Sell a home like this and save $9,341 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

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 06/12/2026 @ 17:40

MLS: 5050198511 LISTED BY: Sue McKnight , Area Wide Real Estate 989-823-2100 SOURCE: Realcomp II Ltd