120 N Farmer Street, Otsego, MI 49078-1118
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120 N Farmer Street, Otsego, MI 49078-1118
120 N Farmer Street, Otsego, MI 49078-1118
120 N Farmer Street, Otsego, MI 49078-1118
120 N Farmer Street, Otsego, MI 49078-1118
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Realty Executives Home Towne
$ 375,000
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120 N Farmer Street Otsego, MI 49078-1118

3,944 SqFt


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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,944 sqft

Price per Sqft $95

Subdivision Mi

MLS Listing ID 70525842

Year Built 1870

Annual Tax Amount $3,989

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30.64x101

Property Sub-Type Multi-Family

Property Description

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

Location

State MI

County Allegan

Area Otsego (03036)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Exterior Feature Vinyl Siding

Building

Lot Description Sidewalks

Foundation Basement

Structure Type Vinyl Siding

Schools

School District Otsego Public Schools

Others

Energy Description Natural Gas

Financing Cash,Conventional


MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by Five Star Real Estate

Nearby Locations

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120 N Farmer Street