Address Withheld By Seller, Big Rapids, MI 49307

Big Rapids
Local realty services provided by:ERA Prime Real Estate Group
Address Withheld By Seller,Bigrapids, MI 49307
$469,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: alexia hoffman
Office: exp realty llc.
MLS#:65026020346
Source:MI_REALCOMP

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Price summary

  • Price:$469,900

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:65026020346
  • Added:81 day(s) ago
  • Updated:July 29, 2026 at 10:06 AM

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1900
  • Lot area:0.21 Acres
  • Lot Features:Level
  • Construction Materials:Vinyl Siding
  • Foundation Description:Michigan Basement

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer at Street

Finances and disclosures

  • Price:$469,900
  • Tax amount:$5,688

Features and amenities

  • Laundry features:In Basement, Upper Level

Parking

  • Total parking spaces:8
  • Parking description:Paved
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