328 S Warren Avenue Pending Save Request In-Person Tour Request Virtual Tour
Big Rapids,MI 49307
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 65025002918
Bedrooms 4
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1950
Annual Tax Amount $5,084
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
Zoning Other
Direction E from State St on LocustHouse on left
Interior
Interior Features Laundry Facility,Cable Available
Heating Forced Air
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 4.0
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Vinyl,Wood
Schools
School District Big Rapids
Others
Pets Allowed Yes
Tax ID 541714111014
Ownership Broker/Agent Owned
Acceptable Financing Cash,Conventional,FHA,USDA Loan (Rural Dev),VA
Listing Terms Cash,Conventional,FHA,USDA Loan (Rural Dev),VA
Financing Cash,Conventional,FHA,USDA Loan (Rural Dev),VA