242 S East St, Vassar, MI, 48768
About This Home
Income Producing Property! Or Live In One & Rent The Other!! FHA & VA approved when occupying one of the units. 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. Rents/Security Deposit Transferred at Closing. Utilities separate for each unit. Warranty negotiable.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Basement
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: First Floor Laundry
Basement
- Has basement: Yes
- Basement: Block,Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating & Cooling
- Heating features: Wall Furnace,Forced Air
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 1,986
- Total interior livable area: 1,986 sqft
Property
Details
- Parcel number: 051500129100000
- Zoning description: Residential
- Special condition: Private
Features
- Levels: Two
- Stories: 2
- Frontage length: 70
Lot
- Lot size: 0.25 Acres
- Lot size dimensions: 170 x 70
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Tornado
- Hail
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Tuscola County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $829 | $9,948 |
| Home Insurance * | $152 | $1,824 |
| Property Taxes | $148 | $1,776 |
| Electricity | $216 | $2,599 |
| Total | $1,345 | $16,140 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $159,900 |
| 2026-04-10 | Price change | $164,000 |
| 2026-03-24 | Price change | $169,000 |
| 2026-02-20 | Listed for sale | $171,500 |
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