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 $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.
0.21 Acres privados Tamanho do lote
investimento
474 US$ Imposto mensal
Construído em 1900
MLS/ID do anúncio 65026020346
6 Unidades
Parking - Paved
Composição
Construction - Vinyl Siding
Heating - Natural Gas
Heating - Forced Air
Nível superior
Na cave
Lot - Level
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