Big Rapids, MI 49307
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Big Rapids, MI 49307
Big Rapids, MI 49307
Big Rapids, MI 49307
Big Rapids, MI 49307
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Kersh Ruhl

Kersh Ruhl

+1(616) 212-8418
$ 500,000
Est. payment /mo
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Active

Big Rapids, MI 49307

9,148 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Big Rapids

MLS Listing ID 26020346

Year Built 1900

Annual Tax Amount $5,688

Tax Year 2025

Lot Size 9,148 Sqft

Acres 0.21

Lot Dimensions 60x132.50

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

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.

Location

State MI

County Mecosta

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling None

Laundry In Basement, Upper Level

Exterior

Parking Features Paved

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 8

Building

Lot Description Level

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Big Rapids

Others

Acceptable Financing Cash

Listing Terms Cash

Listed by EXP Realty LLC
Kersh Ruhl

Kersh Ruhl

+1(616) 212-8418

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