39
See all 39 photos
$330,000
Est. payment /mo
0.3 Acres Lot
New
328 S Warren Avenue Big Rapids, MI 49307-2028
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UPDATED:
01/31/2025 01:48 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70449586
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 Big Rapids (54018)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding, Wood
Building
Foundation Basement, Slab
Water Public Water
Structure Type Vinyl Siding,Wood
Schools
School District Big Rapids Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA,Rural Development
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Clear Realty Group