$469,900

Address unavailable.

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.

Listing Status:
Active
Data Last Updated:
July 7, 2026 at 1:41PM
Listing Office:
EXP Realty LLC : 2696004397
Listing Agent:
Alexia Hoffman : 6163339078
MLS ID:
65026020346
  • Laundry: In basementUpper level
  • Heating: Forced airNatural gas
  • Parking: PavedParking spaces: 8
  • Roofing: Composition
  • General: Vinyl sidingMichigan basement
  • Originating MLS: Greater Regional Alliance of REALTORS
  • School District: Big rapids
  • County: Mecosta
  • Zoning: 000411 MAPLE STREET: SEC 11T15NR10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVETH E ALG THE N LI OF MAPLE ST 60 FTTH N 165 FTTH W 50 FTTH S 65 FTTH W 10 FT TH S TO THE P OB.541711385009
  • Utilities: Cable connectedElectricity connectedNatural gas connectedPhone availablePhone connectedSewer connected
  • Water: Public
  • Sewer: Public sewerSewer at street
  • Source: Greater Regional Alliance of REALTORS

This listing courtesy of Alexia Hoffman , EXP Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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