328 S Warren Avenue

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Address: 328 S Warren Ave, Big Rapids, MI 49307, USA
Created date: January 24, 2025
Date last updated: February 5, 2025

Property Description

INVESTMENT OPPORTUNITY!! Buy this 4-unit for a great addition to your portfolio, or move into one of the units and collect rent from 3 other units with an FHA / VA loan! This property boasts $4,180 /mo. in gross rents at a 10.2% Cap rate. See attached pro forma. All leases are month-to-month. Tenants pay ALL utilities & all units are separately metered. Professionally managed. This property features a charming old house duplex on the same lot with a newer, traditional side-by-side duplex. All units have their own laundry. Great tenants, very low-maintenance. All tenants are on M2M leases. One tenant is currently in the process of moving out, so it could be vacant at close for an owner-occupied buyer, or we could place a new tenant for you if you are an investor! Schedule your tour today!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $324,900
No. of Units: 4
Year Built: 1950
Opportunity Zone: No
Price per unit: $81,225
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 328 S Warren Avenue, Big Rapids, MI 49307, USA
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