328 S Warren Avenue Active Save Request In-Person Tour Request Virtual Tour
Big Rapids,MI 49307
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025012425
Bedrooms 4
Year Built 1950
Annual Tax Amount $5,084
Lot Size 0.300 Acres
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 Big Rapids
Zoning Other
Interior
Heating Forced Air
Cooling Wall Unit(s)
Laundry 1
Exterior
Garage Spaces 4.0
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Vinyl,Wood
Schools
School District Big Rapids
Others
Acceptable Financing Cash,Conventional,FHA,USDA Loan (Rural Dev),VA
Listing Terms Cash,Conventional,FHA,USDA Loan (Rural Dev),VA