2221 Owen St

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🏠 2221 Owen St, Saginaw, MI 48601

3 Beds | 2 Baths | 1,908 Sq Ft | Built 1924

Property Overview

Affordable value-add investment opportunity in Saginaw offering nearly 1,900 sq ft of living space. This large 3-bedroom, 2-bath home sits on a 6,360 sq ft lot and presents strong upside for investors willing to complete a full renovation.

Originally purchased post-foreclosure, the property has been cleaned, secured, and prepared for its next phase of redevelopment.

Property Highlights

• 3 Bedrooms / 2 Bathrooms

• 1,908 Sq Ft of living space

• Built in 1924

• Detached garage

• Large front windows providing excellent natural light

• Multi-pitched roof architecture adding character

Condition

The property requires a full rehabilitation due to age and prior vacancy.

Key notes:

• Roof leak has caused damage to flooring in one room extending toward the basement

• Furnace and water heater have been removed and are not included

• Interior will require full renovation and system replacements

This creates a blank slate for investors looking to add value through a full remodel.

Investment Potential

With its large square footage and strong layout, this property offers multiple strategies:

• Fix & Flip

• BRRRR strategy

• Long-term rental

• Value-add renovation

Located in an established area near schools and neighborhood amenities, supporting future resale or rental demand.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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