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Brandon Faber

brandon@realgrhomes.com +1(616) 366-8924

$ 314,900

Est. payment -/mo

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Price Dropped by $5K

328 S Warren Avenue Big Rapids, MI 49307

0.3 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Big Rapids

MLS Listing ID 25012425

Year Built 1950

Annual Tax Amount $5,084

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 88.5x150

Property Sub-Type 2 to 4 Units

Property Description

INVESTMENT OPPORTUNITY!! Buy this 4-unit for a great addition to your portfolio, or move into one of the units and collect rent from 3 other units with an FHA / VA loan! This property boasts $4,180 /mo. in gross rents at a 10.2% Cap rate. See attached pro forma. All leases are month-to-month. Tenants pay ALL utilities & all units are separately metered. Professionally managed. This property features a charming old house duplex on the same lot with a newer, traditional side-by-side duplex. All units have their own laundry. Great tenants, very low-maintenance. All tenants are on M2M leases. One tenant is currently in the process of moving out, so it could be vacant at close for an owner-occupied buyer, or we could place a new tenant for you if you are an investor! Schedule your tour today!

Location

State MI

County Mecosta

Area West Central - W

Direction E from State St on Locust House on left

Rooms

Basement Full, Slab

Interior

Heating Forced Air

Cooling Wall Unit(s)

Fireplaces Number 2

Laundry In Unit, Main Level

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Total Parking Spaces 4

Building

Lot Description Corner Lot

Sewer Public Sewer

Structure Type Vinyl Siding,Wood Siding

New Construction No

Schools

School District Big Rapids

Others

Tax ID 5417-14-111-014

Acceptable Financing VA Loan, Rural Development, MSHDA, FHA, Cash, Conventional

Listing Terms VA Loan, Rural Development, MSHDA, FHA, Cash, Conventional

Listed by Clear Realty Group

Brandon Faber

Agent

+1(616) 366-8924

Brandon Faber

328 S Warren Avenue Big Rapids, MI 49307

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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328 S Warren Avenue