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$250,000
Est. payment /mo
3 Baths
0.62 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Nottawa Twp
Subdivision Nottawa Twp
MLS Listing ID 20261072606
Year Built 1973
Annual Tax Amount $3,400
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 98x231x102x230
Source Realcomp
Property Description
Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside.CURRENT RENTAL ROLL ($2,100/mo Total):• Unit 1- 2Bed / 1 Bath: $700/mo• Unit 2- 2 Bed / 1 Bath: $700/mo• Unit 3-2 Bed / 1 Bath: $700/moVALUE-ADD POTENTIAL:Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
Location
State MI
County Isabella
Zoning Multi-Family
Direction Pickard (W) To Winn Rd, (S) To West River Rd, To Littlefield. Property on West side of the street.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Well
Structure Type Brick,Vinyl Siding
Schools
School District Beal City
Others
Tax ID 110750002601
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Joseph Walter Realty, LLC
Nearby Locations
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