21 Spring Street
Battle Creek, MI 49037

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Description

This multi-unit building offers 6 fully rented units with multiple long-term tenants who want to stay, ensuring consistent income. Less than a mile from downtown Battle Creek and walking distance to bus stops, this is a great location. This is only available due to the seller's retirement. Valid rental certificate until 7/27. Whether you are looking to start your portfolio or add 6 more great units, this is for you! Immediate cash flow, this property netted over 26.8k in 2025. Offered at only 260k with a cap rate of over 10% with room to grow.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Calhoun County
• Zip Code: 49037
• Year Built: 1920
• Subdivision/Neighborhood: North Meachem
• School District: Battle Creek
• Units: 6 units
• Basement: Crawl Space, Michigan Basement, Partial, Walk-Out Access, Yes, Yes
• # of Parking Spaces: 6
• Lot Size: 8699 sq ft lot
• Annual Utilities: 7356
• Construction Materials: Aluminum Siding, Wood Siding
• Cross Street: Upton and Meachem
• Directions: West off of Upton on the left, use Apple or Google Maps.
• Driveway: Aggregate, Concrete
• Extras: Sep Electric Meter, Sep Gas Meter, Tenant Storage
• Financial Available: No
• Gross Income: 49500
• Heat Source: Natural Gas
• Heat Type: Radiant
• Heating: Radiant
• Insurance Expense: 4200
• Lot Description: Rolling Hills
• Lot Features: Rolling Hills
• Lot Size Area: 0.2
• Lot Size Square Feet: 8712
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 6
• Operating Expense: 22646
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Parcel Number: 52-5880-00-047-0
• Parking Features: Aggregate, Concrete
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 132.2
• Road Surface Type: Paved
• Roof: Composition
• SEV: 90700
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Street Type: Paved, Public
• Tax Annual Amount: 4869.45
• Tax Legal Description: ASSRS PLAT OF NORTH MEACHEM SUB LOT 47
• Tax Year: 2024
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3845
• Township: Battle Creek City
• Util Availat Street: High Speed Internet, Cable Available, Storm Sewer, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Storm Sewer, Phone Available
• Water Access: No
• Water Source: Public Water