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USAMIBattle CreekMeachems Add45 Fountain W Street
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45 Fountain W Street, Battle Creek, MI

House

For Sale

Listed price in listed location currency (USD).
$210,000

844

MLS® 61050208473

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3731 sqft
Garage Yes
Taxes $3,480
Days Active 0
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $56
MLS® Number 61050208473

Property Address: 45 Fountain W Street, Battle Creek, MI, 49037

Average square foot calculated using Size range provided by listing agent.

Description

Attention investors - this is the cash-flowing, value-add opportunity you've been waiting for. This fully occupied 4-unit apartment complex sits on two parcels (43 & 45 E Fountain) totaling approximately 4, 300 sq ft and includes a bonus extra lot plus a 4-car garage with its own electric service. Owned by the same family for 16 years, this property has a proven rental history and long-term tenants - including one resident of 30+ years. The unit mix includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all currently leased month-to-month - giving your next buyer immediate flexibility to adjust rents, restructure leases, or reposition the asset. Current gross rents are $3, 750/month ($45, 000/year) and are already below market, with rents moving to $900"“$1, 150 per unit - meaning day-one upside is already built in. Each unit is separately heated with its own furnace. Tenants pay gas and electric; owner covers water only - keeping expenses lean. Annual property taxes are just $2, 900. Estimated annual expenses including taxes, water, vacancy allowance (5%), and maintenance come in around $9, 950, producing an estimated Net Operating Income (NOI) of $35, 050 per year. At the $210, 000 asking price, that's a cap rate of approximately 16.7% - exceptional for this market. a cash-on-cash return of nearly 50%. The property features a Michigan basement on one side and a walkable basement on the other, providing excellent utility access and storage. Each of the four units has its own furnace. The 4-car garage with separate electric service adds rental income potential or owner utility. One tax bill covers both parcels - keeping management simple.
MLS® Number61050208473
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1940
Basement
DrivewayFour Car Garage, Detached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 21, 2026List Date
$210,000List Price
  • Commute

Commute

Starting Address
Destination Address
45 Fountain W Street, Battle Creek, MI

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