$585,000
Active

120 N Farmer Street

Otsego, MI 49078
5 baths | 0.07 acres | #25025217
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Description

120 N Farmer is situated in a prime location downtown Otsego, providing convenient access to shopping, restaurants & bars. This turnkey investment opportunity could also be an ideal owner occupant live/work space. The main level consists of 2 commercial spaces totaling approx 1,730 sq ft, while the upper level consists of 3 apartments. 100% occupancy, rents are blow market and should be increased. Upper level includes: 2 bdrm apt., one bdrm apt and a studio. Tenants pay all utilities, including water.

  • Property Details
      • Utility FeaturesPhone Connected, Natural Gas Connected, Electricity Connected
      • Original List Price$585,000
      • MLS #25025217
      • MLS #25025217
      • CountyAllegan
      • School DistrictOtsego
      • Cost585000
      • Property SubtypeRetail
      • Acres0.07
      • Year Built1870
      • Bathrooms5
      • Full Baths5
      • Days on Market (Cumulative)2

Location

Gavin SteenwykGavin Steenwyk
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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