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3,944 sqft

$325,000

120 N Farmer Street, Otsego City Allegan Michigan, 49078

Price per sqft$82.40
Built in1870
Property size3,944 sqft
Property typeMulti-family

Overview

Active

Updated 4 weeks ago

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 alow-maintenance, passive income generator in a growing downtown market.

$2,162/mo

Est. mortgage payment based on a $325,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$3,990
Tax Frequency
Annually

 

Courtesy of Five Star Real Estate

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Data last updated 6:06 AM UTC, 9/10/2026

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