117 S Warren Ave Big Rapids, MI 49307

Building Details

Year Built

1900

Listing Agency RE/MAX TOGETHER j***@gmail.com Show Phone

Listed by Joseph McNally · License #6502393305 Show Phone

Source Elliman

Added: Mar 10 Checked: Jul 16 at 10:33 am

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Investment Insights

Based on property information with market context.

This three-unit apartment building is an investment property with potential for a fourth unit, contingent on city approval. Located a couple blocks from Ferris State University in downtown, the property includes a large backyard, ample parking, and an attached two-plus car garage. Current rents are $1000 for the upstairs unit, $700 for the south unit, and $750 for the north unit, all on a month-to-month basis. These rents reflect long-term owner relationships with the renters and are below market rates. The property has been a cash cow for many years.

Key Highlights

• Prime location in the heart of downtown, just blocks from Ferris State University
• Income potential as a cash‑flowing 3‑unit apartment building with below‑market rents
• Potential to add a 4th unit (contingent on city approval)

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FAQs

What type of property is this?

Triplex - Three-unit building near Ferris State University with expansion potential.

Where is this triplex located?

The property is located at 117 S Warren Ave Big Rapids, MI.

What is the asking price?

The asking price for this property is $257,900.

What are key features of this property?

This property features: Prime location in the heart of downtown, just blocks from Ferris State University; Income potential as a cash‑flowing 3‑unit apartment building with below‑market rents; Potential to add a 4th unit (contingent on city approval)