328 S Warren Avenue
Big Rapids, MI 49307
0.30 acres | #65025002918
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!
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected
- Sewer InformationPublicSewer, SewerAtStreet
- Parcel Number541714111014
- MLS #65025002918
- Property SubtypeMultiFamily
- MLS #65025002918
- CoolingWallUnits
- Cooling FeaturesWallUnits
- Lot FeaturesCornerLot
- Lot DescriptionCornerLot
- School DistrictBigRapids
- Original List Price$330,000
- CountyMecosta
- Parking FeaturesGravel
- Utility SourcePublic
- Taxes Annual$5,084
- Cost324900
- Basement DescriptionFull
- Year Built1950
- Acres0.3
- Days on Market (Cumulative)67
- Basement1
Location
Legal
All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Tyler Johnson (#65190010027175), Email: tjamesjohnson@gmail.com
Listing Office: Clear Realty Group (#650016595123)
Listing Courtesy (Buyer)
Buyer's Agent: Sandra V Rojas (#65140010263618)
Buyer's Office: Bellabay Realty LLC (#652724642780)
Interested in Purchasing 328 S Warren Avenue?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
