328 S Warren Avenue

Big Rapids, Michigan 49307

  • 8 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.3
    Acre(Lot)
$324,900

Description

Investment opportunity!! buy this 4-unit for a great addition to your portfolio, or move into one of the units and collect rent from 3 other units with an fha / va loan! this property boasts $4,180 /mo. in gross rents at a 10.2% cap rate. see attached pro forma. all leases are month-to-month. tenants pay all utilities & all units are separately metered. professionally managed. this property features a charming old house duplex on the same lot with a newer, traditional side-by-side duplex. all units have their own laundry. great tenants, very low-maintenance. all tenants are on m2m leases. one tenant is currently in the process of moving out, so it could be vacant at close for an owner-occupied buyer, or we could place a new tenant for you if you are an investor! schedule your tour today!

  • Property Type

    Multifamily
  • County

    Mecosta
  • Style

    Multifamily
  • AD ID

    48420316

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Property Details

  • Interior Features

    • Laundry Facility,Cable Available

    Heating & Cooling

    • Cooling: Wall Unit(s)
    • Heating: Forced Air
    • Heating Fuel: Natural Gas
  • Building Information

    • Year Built: 1950
    • Total Units: 4

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Public (Municipal)
  • Lot Information

    • Lot Size: 0.30
    • Dimensions: 88.5x150

    Property Information

    • Financing: Cash,Conventional,FHA,USDA Loan (Rural Dev),VA
  • Listing Price Information

    • Original List Price: $330,000

    Listing Information

    • Possession: At Close
    • Legal Description: 000328 S WARREN AVENUE: WARREN AND IVES' PLAT (ORIGINAL PLAT) -- BLK 29, LOT 9 & LOT 10 EXC THE N 12.5 FT THRF.
  • Tax Information

    • Annual Tax: $5,084
    • Parcel Number: 541714111014

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: 000328 S WARREN AVENUE: WARREN AND IVES' PLAT (ORIGINAL PLAT) -- BLK 29, LOT 9 & LOT 10 EXC THE N 12.5 FT THRF.
  • Parking Information

    • Parking: 4

    Unit 2 Information

    • # of Bedrooms: 4
  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 02/20/2025 @ 14:36

  • MLS: 622573886
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 8 bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Big Rapids , in zip code 49307, this Mecosta County Multifamily and are nearby neighborhoods.