Active

242 S East Street

Vassar, Michigan 48768

$164,000 $691/Mo

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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)

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ByOwner last updated this listing 06/12/2026 @ 17:05

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