Description
This well-maintained fourplex in Olivet presents a strong income-producing opportunity with built-in stability and future upside. Situated on a full 1-acre parcel, the property includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit -- a desirable unit mix that appeals to a broad tenant base. Three of the 2-bedroom units are occupied by long-term, multi-year tenants, providing consistent cash flow and reduced turnover risk. The property has been carefully maintained, with a brand-new metal roof and water softener installed this year. Each unit includes a refrigerator and range, and tenants benefit from a shared laundry room, adding convenience and retention value. Ample on-site parking enhances tenant appeal. Located near The University of Olivet and within easy access to FireKeepers Casino Hotel, the property benefits from stable local employment drivers and consistent rental demand. The 1-acre lot provides a compelling value-add opportunity, with potential.
Details
| MLS # | 70534221 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1991 |
| Days On Site | 94 |
| Listing Provided By | Pearse Realty, Inc. | Scott Micklewright |
Features
| Units | 4 |
|---|---|
| Acreage | 1.00 |
| Water Front | Yes |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Baseboard |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Other
| List Aor | Battle Creek Area Association of REALTORS |
|---|
Taxes
| Property | 2598 |
|---|
Area Information
| State | MI |
|---|---|
| County | Calhoun |
| City | Olivet |
| Zip Code | 49076 |
| Area | Lee Twp (56010) |
| Listing VS Median (in 49076) | |
Price: $319,900 low | high Med: $215,000 On site: 94 low | high Med: 155 | |
Market Activity 49076
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Learn More About This Property
| State | MI |
|---|---|
| County | Calhoun |
| City | Olivet |
| Zip Code | 49076 |
| Area | Lee Twp (56010) |
| Listing VS Median (in 49076) | |
Price: $319,900 low | high Med: $215,000 On site: 94 low | high Med: 155 | |
