Danielle Kiger
BEDS0
BATHS
MLS#26020346
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBig Rapids
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Michigan Basement
Cooling: None
Heating: Forced Air
Lot Size: 0.21 Acres
Roof Type: Composition
Taxes: $5,688
Year Built: 1900
Feature Descriptions
Days on Site: 1
Exterior: Vinyl Siding
Laundry: In Basement, Upper Level
Lot: Level
Lot Dimensions: 60x132.50
Owner Pays: Trash Collection, Water
Parking: Paved
Parking Total: 8
Road Surface: Paved
Sewer: Public Sewer
Sub Type: 5+ Units
Tenant Pays: Electric, Water, Trash, Sewer, Gas
Units: 6
Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Local Schools
School District: Big Rapids
Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC
Agency Phone: 269-600-4397
Agent Name: Alexia Hoffman
Shown By
Agent Name: Danielle Kiger
Agent Phone: (734) 239-2269
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/08/2026. |
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Estimated Payment
$ 3,416.69 per month $2,796.86 Principal & Interest $474.00 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598
Agent License Information: Brokerage/Company License Number: MI-65-05366134
| MLS# 26020346
This multi-family property located at , Big Rapids, MI 49307 is currently listed for sale with an asking price of $500,000. is located within the Big Rapids school district. Search Big Rapids real estate on daniellekiger.ikeyrealty.com today.