REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Maceri

mhgrealtors@gmail.com +1(586) 519-6259

$ 469,900

Est. payment | -/mo

9,147 Sqft Lot

Save

$ 469,900

Est. payment | -/mo

Save

9,147 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65026020346

Year Built 1900

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type MultiFamily

Listing Terms Cash

Property Description

Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.

Location

State MI

County Mecosta

Area Area54252Bigrapids

County Mecosta

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry InBasement, UpperLevel

Exterior

Parking Features Paved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerConnected

View Y/N No

Roof Type Composition

WaterfrontY/N No

Building

Lot Description Level

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

New Construction Y/N No

Schools

School District Big Rapids

Others

Acceptable Financing Cash

Listing Terms Cash

Listed by Alexia Hoffman of EXP Realty LLC

Ryan Maceri

Agent

+1(586) 519-6259 | mhgrealtors@gmail.com

GET MORE INFORMATION

QUICK SEARCH

Address not disclosed Big Rapids, MI 49307

Ryan Maceri

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

Address not disclosed