Big Rapids Multifamily Investment
Big Rapids, MI 49307, Big Rapids, MI 49307
New
MULTI_FAMILY - Big Rapids, MI
Property size:
5,500 SFLot size:
0.21 AcresPrice / SF:
$90/SF- Added:
- May 6, 2026
- Days on Market:
- 3
- Last Refresh:
- May 8 at 10:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Rooms
- Bedroom 9, Bedroom 12, Bedroom 13, Bathroom 4, Bathroom 5, Bedroom 1, Bathroom 2, Basement, Bedroom 7, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 10, Bedroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 11, Bathroom 3, Bedroom 14, Bedroom 3
- Parking
- 8
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 000411 MAPLE STREET: SEC 11, T15N, R10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVE, TH E ALG THE N LI OF MAPLE ST 60 FT, TH N 165 FT, TH W 50 FT, TH S 65 FT, TH W 10 FT TH S TO THE P OB.
- Tax Annual Amount
- 5689
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 6
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Alexia Hoffman (616) 333-9078
Listing office EXP Realty LLC 39555 Orchard Hill Pl Ste 600, Novi, MI (269) 600-4397
Listing date May 6, 2026
MLS# 26020346
Listing URL
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 6‑unit multifamily property near Ferris State University, ensuring consistent rental income.
- Opportunity to increase Net Operating Income (NOI) by billing back water due to separate water meters for each unit.
- Coin‑operated laundry provides approximately $300/month in additional income.
- Three newer furnaces (under 2 years old) reduce near‑term capital expenditure concerns.
- Rental upside potential through unit turns and cosmetic updates, with area 2‑bedroom rents trending towards $1,050/month.
- Strong rental demand driven by Ferris State and local employment base, providing stable cash flow.
Overview
This is a fully occupied 6-unit multifamily property located in Big Rapids, near Ferris State University. The unit mix includes five 2-bed/1-bath apartments and one 4-bed/1-bath unit, totaling approximately 5,500 square feet on a 0.21-acre lot. Tenants are responsible for gas and electric. Each unit has a separate water meter, presenting an opportunity to bill back water and increase net operating income. A coin-operated laundry generates approximately $300 per month in additional income. Three of the six furnaces are newer, under 2 years old. Area 2-bedroom rents are trending closer to $1,050 per month, suggesting potential upside through unit turns and light cosmetic updates, particularly in Unit 5. Onsite parking is available 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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Big Rapids
- County
- Mecosta
- State
- Michigan
- Longitude
- -85.5606
- Latitude
- 43.68
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 6-unit property near Ferris State University.
Where is this apartment building located?
The property is located at Big Rapids, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fully occupied 6‑unit multifamily property near Ferris State University, ensuring consistent rental income.; Opportunity to increase Net Operating Income (NOI) by billing back water due to separate water meters for each unit.; Coin‑operated laundry provides approximately $300/month in additional income.
