21 Spring StBattle Creek, MI 49037

For Sale
$450,000

Six-unit property, high rental income potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a charming six-unit multifamily property situated at 21 Spring Street in Battle Creek, Michigan. Built in 1920, this single-building property boasts a total of 3,845 square feet and sits on a parcel identified by APN 52-5880-00-047-0. The property's unit mix includes two two-bedroom units, two one-bedroom units, and two studio units, offering a diverse range of rental options. The property is conveniently located just blocks from downtown Battle Creek, providing tenants with easy access to local amenities and services. While a detailed profit and loss statement, trailing twelve months' financial data, and rent roll are not currently available, the property is projected to generate an annual rental income of $51,600. Due to the current occupancy, showings are strictly limited to prospective buyers who have submitted an accepted offer or letter of intent. This presents a unique chance to acquire a well-positioned multifamily investment in a desirable location. The asking price for this property is $450,000. Serious inquiries only.

Highlights

  • Six-unit multifamily property in Battle Creek, MI.
  • 3,845 square feet on a 52-5880-00-047-0 parcel.
  • Unit mix: 2 two-bedroom, 2 one-bedroom, 2 studio units.
  • Located blocks from downtown Battle Creek.
  • Projected annual rental income: $51,600.
  • Asking price: $450,000.

Property Details for 21 Spring St

Property type
Multifamily properties, Other nnn properties
Square Feet
3,845 SF
Year Built
1920
Buildings
1
Units
6

Location Insight

City
Battle Creek
County
Calhoun
State
Michigan
Latitude
42.3158444
Longitude
-85.1971272
21 Spring St, Battle Creek, Michigan

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21 Spring St
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