Big Rapids, MI 49307
Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC
Agent Name: Alexia Hoffman
Agency Phone: 269-600-4397
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 06/23/2026. |
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| MLS# 26020346
This multi-family property located at , Big Rapids, MI 49307 is currently listed for sale with an asking price of $469,900. is located within the Big Rapids school district. Search Big Rapids real estate on www.coldwellbanker1stchoice.com today.