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$ 375,000
Est. payment /mo
Active
120 N Farmer Street Otsego, MI 49078-1118
3,944 SqFt
UPDATED:
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
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Listed by Five Star Real Estate