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 $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.
0.21 Privé-hectaren Partijgrootte
investering
US$ 474 Maandelijkse belasting
Ingebouwd 1900
MLS/Listing ID 65026020346
6 Eenheden
Parking - Paved
Samenstelling
Construction - Vinyl Siding
Heating - Natural Gas
Heating - Forced Air
Bovenste niveau
In de kelder
Lot - Level
TOTALE MAANDELIJKSE KOSTEN
US$ 0
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