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Listed price in listed location currency (USD).
$375,000

3510

MLS® 26016147

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $3,990
Days Active 2
Lot Size 
Approx. Age 1870
MLS® Number 26016147

Property Address: 120 N Farmer St, Otsego, MI, 49078-1118

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

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.
MLS® Number26016147
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1870
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$375,000List Price

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