Triplex with Rental Income
For Sale
$95,000
705 Osceola Avenue Big, Big Rapids, MI 49307
Triplex with two units leased, third unit ready for renovation.
Property Size1,676 SF
Price / SF$56.68
Days on Market376
Property Features for 705 Osceola Avenue Big
General Information
Standard status
Active
Size
1,676 SF
Property subtype
Multi-Family
Amenities
Cable Ready
Window Unit(s)
Natural Gas
Gas Water Heater
High Speed Internet Available, Cable Available, Shingle
Building Details
Building Size
1,676 SF
Year Built
1910
Listing Agency:
The Local Element
(352) 516-0871
Listed By:
Robert Perialas · License #704855
Source:
Kw
Added: Aug 22, 2025
Changed: Aug 31
Last Checked: Jul 15 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Local Element
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 49307, MI
16,914
Population
7,997
Households
2.1
Avg Household Size
31
Median Age
31%
College-Educated
94%
High-School Grad
134.5 sq mi
ZIP Area
126
Density / Sq Mi
$54,803
Median Household Income
$24,736
Median Earnings
$877
Median Rent
$179,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue Big Big Rapids, MI.
What is the asking price?
The asking price for this property is $95,000.
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.
