MLS # 26024561 (Michigan Regional Information Center (MichRIC))

Incredible turn-key investment opportunity in a highly desirable Big Rapids location! This massive 3,281 sq ft income property boasts exceptional, proven cash flow with tenants secured for both the current term and fully pre-leased for the upcoming school year. Recently renovated from top to bottom before the current fraternity moved in, the home is in great shape and ready for immediate possession. > The highly versatile multi-level layout features an 8-bedroom setup, 3 full baths, two spacious living areas, and convenient on-site coin laundry. Unique structural layout offers incredible future flexibility--can easily function as a high-yield 8-bedroom rental with dual living spaces, with unique studio opportunity. Do not miss out on adding this asset to your portfolio!
Source: SparkMLS
This 9-bedroom, 3-bath, 3,281 sq ft home built in 1900 sits in Big Rapids in Big Rapids.
Listed at $300,000 (about $91/sq ft).
Annual property taxes run approximately $3,825 ($319/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
000330 S STEWART AVENUE: WARREN AND BRONSON'S SUBDIVISION OF SOUTH HALF OF WARREN AND IVES' PLAT (ORIGINAL PLAT) RESERVATION -- BLK A, LOT 9 & THE S 25 FT OF LOT 10.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Patrick James Brooks
B & R Investment Partners LLC
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
330 S Stewart Avenue, Big Rapids, MI 49307
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Municipality
Big Rapids
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