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    705 Osceola Ave Big Rapids, MI 49307

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    For Sale
    $120,000

    Triplex with two units leased, third unit ready for renovation.

    Property size:
    1,676 SF
    Lot size:
    0.23 Acres

    Property Features for 705 Osceola Ave

    General Information

    Size
    1,676 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1910

    Source: Keller Williams Realty Lansing Agent Robert Perialas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Triplex with Rental Income Potential

    This property presents an investor or DIY opportunity, featuring an older home with the potential to be finished as three separate rental units. Currently, two units are leased, generating a secured rental income of $1,250 per month, totaling $15,000 annually. The third unit is vacant and ready for renovation, making it suitable for a live-in landlord or to increase the overall income potential once rented. The property, with a size of 1676 square feet, is being sold as-is and requires substantial updates. With immediate income already in place, it serves as an entry-level investment. Fully finished, the property has the potential to generate significantly higher returns. It is located at 705 Osceola Avenue, Big Rapids, MI 49307.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.482652
    Latitude
    43.706121

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    FAQs

    What type of property is this?
    Triplex - Triplex with two units leased, third unit ready for renovation.
    Where is this triplex located?
    The property is located at 705 Osceola Ave Big Rapids, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Existing rental income of $1,250/month ($15,000 annually) from two leased units.; - Potential for three separate rental units upon completion of renovations.; - Vacant unit provides opportunity for immediate renovation and increased income.
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    705 Osceola Ave Big Rapids, MI 49307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    705 Osceola Ave Big Rapids, MI 49307
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