For Sale
242 S East Street, Vassar, MI 48768
$164,000
MLS # 50198511 (MiRealSource)
Built 19500.25 acres
1 / 24
Listing Description
Income Producing Property! Updated 2 story home on a corner lot. Utilities paid by tenants. 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 $750/month for the upper level & receiving $1009/mo for the bottom apartment with a gross yearly income of $21,108. Can be financed FHA & VA as long as the buyer is living in one unit. Warranty negotiable.
Source: SparkMLS
About this home
Located in Vassar in Vassar, this property offers 2-bath, with original construction dating to 1950.
Asking $164,000.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 1,000 Mbps across 9 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.25 acres
Year Built1950
Location
CityVassar
Zip Code48768
CountyTuscola
Construction & Systems
ConstructionBlock
BasementCrawl Space
HeatingForced Air, Wall Furnace
Sale & Financing
Listed1/29/2026
Original Price$165,000
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Sue McKnight
Area Wide Real Estate
Frequently Asked Questions about 242 S East Street, Vassar, MI 48768
Can I use FHA or VA financing for this property?
Per MLS# 50198511, this listing accepts Cash, Conventional, FHA financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 242 S East Street, Vassar, MI 48768 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 242 S East Street, Vassar, MI 48768. The maximum advertised download speed is 1.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 242 S East Street, Vassar, MI 48768?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Mortgage Calculator
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Monthly payment$1,064
Principal & interest$1,064
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1 Gbps
Upload
1 Gbps
FiberCableGSO SatelliteFixed WirelessSatelliteLicensed Fixed WirelessUnlicensed Fixed WirelessDSL
9 providers at this address
Air AdvantageFiber
1 GbpsSpectrumCable
1 GbpsStarlinkGSO Satellite
280 MbpsM3 Wireless IncFixed Wireless
100 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsT-MobileLicensed Fixed Wireless
25 MbpsAir AdvantageUnlicensed Fixed Wireless
10 MbpsAT&TDSL
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
242 S East Street, Vassar, MI 48768
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Municipality
Vassar
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