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Additional details
$ 475,000
Est. payment /mo
Active
120 N Farmer ST Otsego, MI 49078
5 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $135
MLS Listing ID 65025025217
Year Built 1870
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type BusinessandRealEstate
Property Description
120 N Farmer is situated in a prime location downtown Otsego, providing convenient access to shopping, restaurants & bars. This turnkey investment opportunity could also be an ideal owner occupant live/work space. The main level consists of 2 commercial spaces totaling approx 1,730 sq ft, while the upper level consists of 3 apartments. 100% occupancy, rents are blow market and should be increased. Upper level includes: 2 bdrm apt., one bdrm apt and a studio. Tenants pay all utilities, including water.
Location
State MI
County Allegan
Area Area86141Allegantwp
Interior
Heating ForcedAir, NaturalGas
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneConnected
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Otsego
School District Otsego
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Daniel Kolp of MOXIE Real Estate + Development