WHY PAY RENT, WHEN YOU CAN COLLECT RENT? Wonderful opportunity to plan for your future, or add this to your portfolio of properties. 224 1/2 is a spacious sq. 1648 sq. ft. 3 bedrooms plus 2 additional rooms for an at home office, You will LOVE the laundry facilities (washer and dryer negotiable). HUGE kitchen and dinig area, open the slider to the picturesque, shaded w/mature trees! Lovely privacy fenced area. NOW for the part that helps pay the mortgage or put additional money in your pocket every month. Front unit has 2 bedrooms large living room, Kitchen including the appliances. Many, many recent updates include ROOF, WINDOWS, SIDING, FURNACE AND A/C AT 224 1/2 WELL, WELL, WELL, Well-located, Well-built, and Well-maintained!
Courtesy: Five Star Real Estate
Adam Atwood
269-377-4589
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.
Otsego is located in Michigan. Otsego, Michigan has a population of 4,083. Otsego is more family-centric than the surrounding county with 36.53% of the households containing married families with children. The county average for households married with children is 31.59%.
The median household income in Otsego, Michigan is $59,776. The median household income for the surrounding county is $70,269 compared to the national median of $69,021. The median age of people living in Otsego is 41.1 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 39.1 inches per year, with 76.8 inches of snow per year.
