Great investment opportunity in this 4 unit rental property. It is 100% occupied and when there is a rare vacancy, there are several qualified applicants ready to move in! Great location in downtown Cedar Springs, Easy walk to schools, restaurants, and shopping. Unit #1: 1 Bedroom $425/month. Unit #2: 2 Bedroom $425/month. Unit #3: 1 Bedroom $450/month. Unit #4: 1 Bedroom $395/month Total gross monthly rent: $1,695. Each unit pays their own electric and gas as they each havetheir own meters. Each unit has a wall furnace and fully stocked kitchens. There is onsite parking for the tenants. Unit 2's tenant has lived here since 1/2013! Unit 3's tenant since 12/2012! Unit 1's tenant since 6/2014! Landlord pays trash and water. This rental property has an amazing ROI and will sell fast at this price.
Off market
Zestimate®
$275,300
109 S 2nd St, Cedar Springs, MI 49319
--beds
0baths
2,165sqft
MultiFamily
Built in 1950
-- sqft lot
$275,300 Zestimate®
$127/sqft
$1,457 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 2,165 sqft
Property
Parking
- Total spaces: 4
Features
- Exterior features: Vinyl
Lot
- Size: 9,583 sqft
Details
- Parcel number: 410225484005
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public
Community & neighborhood
Location
- Region: Cedar Springs
Other
Other facts
- Lot Description: Level
- Substructure: Crawl Space
- Sewer: Public
- Util Avail at Street: Telephone Line, Electric, Public Sewer, Public Water, Broadband
- Terms Available: Cash/Conventional
- Heat Type: Wall Furnace
- Utilities Attached: Electric
- Owner Pays: Sewer, Water
- Tenant Pays: Gas, Electric
- Water: Public
- Cert of Compliance: Yes
- Unit 1: Range Oven
- Unit 2: Range/Oven
- Lot Measurement: Acres
- Property Sub-Type: 2 to 4 Units
- Occupant Type: Tenant
- Driveway: Unpaved
- Unit 3: Range/Oven
- Unit 4: Range/Oven
- Auction or For Sale: For Sale
- Unit 1: Occupied: Yes
- Unit 2: Occupied: Yes
- Unit 3: Occupied: Yes
- Unit 4: Occupied: Yes
- Financial Available: %
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$275,300
2% more+$5,506
With Zillow Showcase(estimated)$280,806