328 S Warren Avenue new Save Request In-Person Tour Request Virtual Tour
Big Rapids,MI 49307
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Big Rapids
MLS Listing ID 25002918
Year Built 1950
Annual Tax Amount $5,084
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 88.5x150
Property 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!
Location
State MI
County Mecosta
Area West Central - W
Direction E from State St on Locust House on left
Rooms
Basement Full,Slab
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplaces Number 2
Laundry In Unit,Main Level
Exterior
Parking Features Driveway,Gravel
Utilities Available Natural Gas Connected,Electricity Connected,Cable Connected,Sewer Available
View Y/N No
Total Parking Spaces 4
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
School District Big Rapids
Others
Tax ID 5417-14-111-014
Acceptable Financing VA Loan,Rural Development,MSHDA,FHA,Cash,Conventional
Listing Terms VA Loan,Rural Development,MSHDA,FHA,Cash,Conventional