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Neil Hackler

[email protected] +1(773) 677-3479

$ 330,000

Est. payment -/mo

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328 S Warren Avenue Big Rapids, MI 49307

0.3 Acres Lot

UPDATED:

01/31/2025 04:31 PM

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

Listed by Clear Realty Group

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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