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120 N Farmer, Otsego, MI 49078

Otsego
Local realty services provided by:CENTURY 21 Realty North
120 N Farmer,Otsego, MI 49078
$325,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: adam atwood
Office: five star real estate
MLS#:70525842
Source:MI_REALSOURCE

Price summary

  • Price:$325,000

About this home

Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own a

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Home facts

  • Year built:1870
  • Listing ID #:70525842
  • Added:197 day(s) ago
  • Updated:November 01, 2026 at 02:48 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1870
  • Lot area:0.07 Acres
  • Lot Features:Sidewalks
  • Construction Materials:Vinyl Siding
  • Foundation Description:Basement

Finances and disclosures

  • Price:$325,000
  • Tax amount:$3,990
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