Address not disclosed, Big Rapids, MI 49307
Address not disclosed, Big Rapids, MI 49307
Address not disclosed, Big Rapids, MI 49307
Address not disclosed, Big Rapids, MI 49307
Address not disclosed, Big Rapids, MI 49307
Address not disclosed, Big Rapids, MI 49307
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Sherry White

Sherry White

+1(586) 770-2825
$ 500,000
Est. payment | /mo

9,147 Sqft Lot

Save
$ 500,000
Est. payment | /mo
Save

9,147 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65026020346

Year Built 1900

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type MultiFamily

Property Description

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.

Location

State MI

County Mecosta

Area Area54252Bigrapids

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry InBasement, UpperLevel

Exterior

Parking Features Paved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Lot Description Level

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Big Rapids

Others

Acceptable Financing Cash

Listing Terms Cash

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Alexia Hoffman of EXP Realty LLC
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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