117 S Warren Avenue
Big Rapids, MI 49307

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Description

Investors take notice! This 3 unit apartment building/investment property has been a cash cow for many years, has the perfect space for a 4th unit to be fitted out (contingent on city approval for a 4th unit), and a location that can hardly be beat..a couple blocks away from Ferris State University...literally in the heart of downtown. With its big backyard, plenty of parking, an attached 2+ car garage, and an unbeatable location, you are sure to appreciate the opportunity this iconic downtown fixture has to offer you. Call for more information! Current rent is $1000 for upstairs, $700 south unit, $750 north unit, all on a month to month. These rents reflect the long term owner relationship with the renter, and are less than the market rates.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Mecosta County
• Zip Code: 49307
• Year Built: 1900
• School District: Big Rapids
• Units: 12 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 1
• Lot Size: 7405 sq ft lot
• Construction Materials: Brick
• Cross Street: M-20
• Directions: via google maps: https://maps.app.goo.gl/grmi8AU14Zr4q3KR9
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Size Area: 0.17
• Lot Size Square Feet: 7405
• Lot Size Units: Acres
• MLS Area Major: West Central - W
• MLS Area Minor: West Central - W
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 3
• Ownership: Private Owned
• Parcel Number: 5417-14-104-004
• Road Frontage: 50
• SEV: 168800
• Sewer: Public Sewer
• Tax Annual Amount: 5094
• Tax Legal Description: 000117 S WARREN AVENUE: WARREN AND IVES' PLAT (ORIGINAL PLAT) -- BLK 21, LOT 4.
• Tax Year: 2024
• Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Terms Available: Cash, Conventional, FHA
• Township: Big Rapids
• Util Availat Street: High Speed Internet, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
• Utilities: Natural Gas Connected, Electricity Available, Natural Gas Available, Phone Available
• Water Source: Public