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.
OBO- Boiler replaced in August per seller- Home Warranty provided by seller; Two Unit-What a money maker this one is. Each unit has four large bedrooms. Each unit has large kitchens, living room and large stairway. One owner can own and rent the other unit or multi generational groups can purchase together. SQUARE FOOTAGE IS ESTIMATED. Dos Unidades: Unidad tiene cuatro habitaciones grandisimas, cocina grande y salas grandes. Perfecto para vivir en una unidad y rentar la otra o dos familias comprarla juntas.
An extraordinary opportunity to own a historic landmark with exceptional income-producing potential. The Comstock House offers the rare combination of architectural significance, timeless beauty, and the versatility to generate substantial monthly passive income. Whether operated as a boutique bed-and-breakfast, vacation rental, event venue, executive retreat, or other hospitality venture, this remarkable property lends itself to a variety of profitable uses.Welcome to the Historic Comstock House could Step back in time at the beautifully preserved Comstock House, a rare Eastlake-style Victorian masterpiece constructed in 1896 by D.F. Comstock--banker, businessman, and visionary
Big Rapids is located in Michigan. Big Rapids, Michigan has a population of 9,105. Big Rapids is more family-centric than the surrounding county with 34.48% of the households containing married families with children. The county average for households married with children is 26.12%.
The median household income in Big Rapids, Michigan is $29,239. The median household income for the surrounding county is $48,440 compared to the national median of $69,021. The median age of people living in Big Rapids is 22 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 36.1 inches per year, with 66.5 inches of snow per year.
