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About the Listing 662012268386 - 66143511402696
Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own alow-maintenance, passive income generator in a growing downtown market.
Interior Details
- Bedrooms: 3
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other: Cable Available,Forced Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 30.64x101
- Zoning: Other
- Roof: Composition
- Others: Vinyl,Paved,Pub. Sidewalk
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $3,990
- Taxes w/Assessments: N/A
- Tax/Property ID: 5410012070
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
120 N Farmer St Otsego, MI 49078
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