120 N Farmer Street, Otsego, MI 49078
Local realty services provided by:ERA Greater North Properties
120 N Farmer Street,Otsego, MI 49078
$375,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: adam atwood
Office: five star real estate
MLS#:26016147
Source:MI_MICHRIC
Price summary
- Price:$375,000
About this home
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 a low-maintenance, passive income generator in a growing downtown market....
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Home facts
- Year built:1870
- Listing ID #:26016147
- Added:15 day(s) ago
- Updated:May 02, 2026 at 03:09 PM
Rooms and interior
- Basement:Yes
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1870
- Lot area:0.07 Acres
- Construction Materials:Vinyl Siding
Finances and disclosures
- Price:$375,000
- Tax amount:$3,990 (2025)
Parking
- Total parking spaces:10
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