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$ 319,900
Est. payment | /mo
1 Acres Lot
$ 319,900
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 64026024534
Year Built 1991
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type MultiFamily
Property Description
This well-maintained fourplex in Olivet presents a strong income-producing opportunity with built-in stability and future upside. Situated on a full 1-acre parcel, the property includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit -- a desirable unit mix that appeals to a broad tenant base. Three of the 2-bedroom units are occupied by long-term, multi-year tenants, providing consistent cash flow and reduced turnover risk. The property has been carefully maintained, with a brand-new metal roof and water softener installed this year. Each unit includes a refrigerator and range, and tenants benefit from a shared laundry room, adding convenience and retention value. Ample on-site parking enhances tenant appeal. Located near The University of Olivet and within easy access to FireKeepers Casino Hotel, the property benefits from stable local employment drivers and consistent rental demand. The 1-acre lot provides a compelling value-add opportunity, with potential.
Location
State MI
County Calhoun
Area Area96041Leetwp
Rooms
Basement Walk-Out Access
Interior
Interior Features Storage
Heating Baseboard, Natural Gas
Fireplace No
Laundry CommonArea, LaundryRoom, LowerLevel
Exterior
Parking Features Gravel
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Metal
Building
Lot Description Level
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Olivet
Others
Acceptable Financing Cash, Conventional, FHA, MSHDA, UsdaLoan, VaLoan
Listing Terms Cash, Conventional, FHA, MSHDA, UsdaLoan, VaLoan
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Listed by Scott Micklewright of Pearse Realty, Inc.