21 Spring St Battle Creek, MI 49037
For Sale
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This exceptional investment opportunity presents a charming six-unit multifamily property situated at 21 Spring Street in Battle Creek, Michigan. Built in 1920, this single-building property boasts a total of 3,845 square feet and sits on a parcel identified by APN 52-5880-00-047-0. The property's unit mix includes two two-bedroom units, two one-bedroom units, and two studio units, offering a diverse range of rental options. The property is conveniently located just blocks from downtown Battle Creek, providing tenants with easy access to local amenities and services. While a detailed profit and loss statement, trailing twelve months' financial data, and rent roll are not currently available, the property is projected to generate an annual rental income of $51,600. Due to the current occupancy, showings are strictly limited to prospective buyers who have submitted an accepted offer or letter of intent. This presents a unique chance to acquire a well-positioned multifamily investment in a desirable location. The asking price for this property is $450,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.