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Ben Fitch

benfitch.realtor@gmail.com +1(734) 436-1355

$ 325,000

Est. payment | -/mo

3,049 Sqft Lot

Save

$ 325,000

Est. payment | -/mo

Save

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Otsego City

MLS Listing ID 26016147

Year Built 1870

Annual Tax Amount $3,989

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30.64x101

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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 a low-maintenance, passive income generator in a growing downtown market. low-maintenance, passive income generator in a growing downtown market.

Location

State MI

County Allegan

Direction N on S Farmer, past E Allegan St. Building is on the right.

Rooms

Basement Full

Interior

Heating Forced Air

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 10

Building

Lot Description Sidewalk

Structure Type Vinyl Siding

New Construction No

Schools

School District Otsego

Others

Tax ID 54-100-120-70

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Five Star Real Estate

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(734) 436-1355

benfitch.realtor@gmail.com

Learn More About LPT Realty

120 N Farmer Street Otsego, MI 49078