Address
414 S Oakley Street, Saginaw, MI
Price
$ 72,000
Property Attributes
- ID#61007445
- TypeSingle Family
- Listing Status Active
- CountySAGINAW
- CitySaginaw
- AreaSaginaw
- NeighborhoodCity Of Saginaw In Div South Of Cass Street
- Zip48602
- StyleBungalow
- Year Built1924
- Taxes$ 1896
- Price$ 72,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1300
- Lot Size0.09 Acres
Data Source:
MiRealSource (MIRS)
Property Description
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.
| Price History | |
|---|---|
| 7/1/2026 | Listed $78,000 |
| 7/13/2026 | 2$76,900 |
| 8/12/2026 | 1$76,390 |
| 8/18/2026 | 1$75,900 |
| 8/23/2026 | 2$74,900 |
| 8/30/2026 | 2$73,900 |
| 9/4/2026 | 3$72,000 |
General Features
| Heating | Forced Air |
|---|---|
| Kitchen Level | Entry |
| Possession | At Close |
| Water | Public Water |
| Status | Active |
| Full Baths | 2 |
| Bathrooms | 2 |
| Year Built | 1924 |
| Subdivision | City Of Saginaw In Div South Of Cass Street |
| Style | Bungalow |
| County | Saginaw |
| Class | RESIDENTIAL |
| Type | Single Family |
| Ownership | Private |
| Associated Document Count | 1 |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Manufactured Y/N | No |
| Structure Style | 2 Story |
| Subj to Short Sale Apprvl | No |
| Home Warranty Y/N | No |
| Area | Saginaw (73039) |
| Primary City | Saginaw |
| Directions | From I-675,take Exit 2 toward Genesee Ave. Head east on Genesee Ave,turn south onto S Oakley St. Property is located on the east side of S Oakley St. |
| City | Saginaw |
| School District | Saginaw City School District |
| Lease Y/N | No |
| Originating MLS | RealComp |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional,VA |
| Legal Description | LOT 2,EXC.S.WLY.35.55 FT.,LOT 3,EXC.N.ELY.30 FT.,BLK.162,CITY OF SAGINAW IN DIVISION SOUTH OF CASS STREET |
| DOM | 74 |
| Postal Code | 48602 |
| Price Per Sq Ft Total AG | 55.38 |
Interior Features
| Dining Room Level | Entry |
|---|---|
| Living Room Level | Entry |
| Bedroom 3 Level | Second |
| Bedroom 1 Level | Entry |
| Bedroom 2 Level | Entry |
| Kitchen Length | 12 |
| Living Room Length | 16 |
| Bedroom 4 Width | 9 |
| Bedroom 2 Width | 10 |
| Bedroom 3 Width | 10 |
| Dining Room Width | 10 |
| Bedroom 4 Length | 10 |
| Bedroom 2 Length | 11 |
| Living Room Width | 13 |
| Bedroom 3 Length | 10 |
| Dining Room Length | 12 |
| Kitchen Width | 11 |
| Beds | 4 |
| Fireplace? | No |
| Total Rooms | 9 |
| Bedroom 1 Length | 13 |
| Bedroom 1 Width | 12 |
| Below Grade SqFt | 702 |
| Above Grade SqFt | 1300 |
| Basement Y/N | Yes |
| Total SqFt Finished | 1300 |
| Bathroom 1 Length | 8 |
| Bathroom 1 Width | 6 |
| Bathroom 2 Length | 7 |
| Bathroom 2 Width | 5 |
Exterior Features
| Exterior | Vinyl Siding |
|---|---|
| Frontage | 50 |
| Lot Size Area | 0.09 |
| Pool (Y/N) | No |
| Lot Dimensions | 34.45X119.5 |
| Roads | Paved Street |
| FOUNDATION TYPE | Michigan Basement |
| Waterfront Y/N | No |
| Garage Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48602
Price
Taxes
Year Built
Visits
IDX provided courtesy of Realcomp II Ltd., via REMAX Prime Properties and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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Midland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
