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4 Beds
2 Baths
1,300 sqft

$67,500

414 S Oakley Street, Saginaw MI, 48602 2357

Price per sqft$51.92
Built in1924
Property size1,300 sqft
Property typeResidential

Overview

Active

Listed Jul 1, 2026

Updated 7 days ago

Investor Opportunity - Income in Place with Additional Upside! Excellent opportunity to acquire a multi-unit property with immediate rental income and significant value-add potential. The downstairs unit is currently rented for $1,050 per month, providing cash flow from day one, while the upstairs unit is approximately 80% renovated and just needs the finishing touches to unlock its full income potential. This setup gives investors the best of both worlds: an occupied unit already producing revenue and a second unit that can be completed without starting from scratch. Once the upstairs renovation is finished and leased, the property has the potential to become a strong cash-flowing asset with two income-producing units under one roof. The remaining work upstairs offers an excellent opportunity for the next owner to complete the renovation to their preferred finish level and immediately increase the property's overall value and rental income. For investors focused on buy-and-hold, BRRRR, or long-term cash flow, this is the type of project where a relatively manageable amount of remaining work can create meaningful upside. The property also benefits from a practical layout, established residential setting, and convenient access to downtown Saginaw, shopping, restaurants, schools, parks, healthcare facilities, and major roadways. Whether you're looking to expand an existing rental portfolio or purchase a property where you can force appreciation through completion of the second unit, this is an opportunity worth a serious look. Downstairs unit currently rented for $1,050 per month. Upstairs renovation approximately 80% complete. Tenant occupied--please do not disturb occupants. 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.

$449/mo

Est. mortgage payment based on a $67,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
61007445

Interior Features

Bedrooms
4
Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$1,896
Tax Frequency
Annually
MLS provider logo

Listed by Sonny Kaushik with Ikon Property Group
Listing Contact: 810-209-9995 

Based on information originating from the MiRealSource as of 10/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/13/2026 at 12:04 AM UTC

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