Active

411 Maple Street

Big Rapids, Michigan 49307

$490,000 $2,065/Mo

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Overview

Bed

Bath

0.21

Acre(Lot)

Description

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 Details

Property Type : Multifamily

Price : $490,000

AD Id : 78004168

MLS Id : 65026020346

Beds : 14

Lot Size : 0.21 Acre

Year Built : 1900

Garage : Paved

County : Mecosta

Map

What's Nearby

Nearby Areas

Features

Interior Features

Laundry Facility,Cable Available Roof: Composition
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1900 Total Units: 6 Roof: Composition Foundation/Basement: Michigan Basement
Utility Features

Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Water

Public (Municipal)

Lot Information

Lot Size: 0.21 Lot Dimensions: 60x132.50 Frontage Feet: 60
Property Information

Financing: Cash

Listing Price Information

Original List Price: $500,000
Listing Information

Possession: At Close Legal Description: 000411 MAPLE STREET: SEC 11, T15N, R10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVE, TH E ALG THE N LI OF MAPLE ST 60 FT, TH N 165 FT, TH W 50 FT, TH S 65 FT, TH W 10 FT TH S TO THE P OB.

Tax Information

Annual Tax: $5,689 Parcel Number: 541711385009
Possession

At Close
Legal Information

Legal Description: Section: 000411 MAPLE STREET: SEC 11, T15N, R10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVE, TH E ALG THE N LI OF MAPLE ST 60 FT, TH N 165 FT, TH W 50 FT, TH S 65 FT, TH W 10 FT TH S TO THE P OB.

Unit 2 Information

# of Bedrooms: 5

School Information

School District: Big Rapids
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
414 Maple Street , Big Rapids, MI, 49307	$679,000	2	--	--

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ByOwner last updated this listing 06/07/2026 @ 23:56

MLS: 65026020346 LISTED BY: Alexia Hoffman , EXP Realty LLC 269-600-4397 SOURCE: Realcomp II Ltd