120 N Farmer ST, Otsego City, MI 49078
120 N Farmer ST, Otsego City, MI 49078
120 N Farmer ST, Otsego City, MI 49078
120 N Farmer ST, Otsego City, MI 49078
120 N Farmer ST, Otsego City, MI 49078
120 N Farmer ST, Otsego City, MI 49078
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Sherry White

Sherry White

+1(586) 770-2825
$ 325,000
Est. payment | /mo

3,944 SqFt

Save
$ 325,000
Est. payment | /mo
Save

3,944 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,944 sqft

Price per Sqft $82

MLS Listing ID 66026016147

Year Built 1870

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type MultiFamily

Property Description

Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own alow-maintenance, passive income generator in a growing downtown market.

Location

State MI

County Allegan

Area Area86202Otsego

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Community Features Sidewalks

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Otsego

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Adam Atwood of Five Star Real Estate
Sherry White

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 770-2825

sherryalways@gmail.com

250 Monroe Ave NW #400, Grand Rapids , Michigan 49503, USA

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120 N Farmer ST