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Property profile & analytics
FOR SALE
1031 exchange properties

21 Spring St Battle Creek, MI 49037

3,845 SF Built 1920
Property ID
US43-2314575
Property summary
AI-generated overview

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.

Property profile
Verified
Property type 1031 exchange properties
Year built 1920
Total area 3,845 SF
APN 52-5880-00-047-0
UPID US43-2314575
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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