$ 500,000
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$500,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 77593 - MR10272
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
70530042
Year Built
1900
Total Square Footage
0
Lot/Acreage
0.21
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: MI Basement
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 60x132.50
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $5,689
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
411 Maple Big Rapids, MI 49307
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