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
MultifamilyCounty
MecostaStyle
MultifamilyAD ID
48420316
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Property Details
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Interior Features
Interior Features
- Laundry Facility,Cable Available
Heating & Cooling
- Cooling: Wall Unit(s)
- Heating: Forced Air
- Heating Fuel: Natural Gas
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Exterior Features
Building Information
- Year Built: 1950
- Total Units: 4
Utility Features
- Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street
Water
- Public (Municipal)
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Property / Lot Details
Lot Information
- Lot Size: 0.30
- Dimensions: 88.5x150
Property Information
- Financing: Cash,Conventional,FHA,USDA Loan (Rural Dev),VA
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Listing Information
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.
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Taxes / Assessments
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.
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking: 4
Unit 2 Information
- # of Bedrooms: 4
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School, Utilities & Location Details
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.