120 N Farmer Street
Otsego, Michigan 49078
3
Bed
0
Bath
0.07Acre(Lot)
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 you
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Cable Available Roof: Composition -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1870 Total Units: 5 Roof: Composition -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.07 Lot Dimensions: 30.64x101 Frontage Feet: 31 -
Property Information
Financing: Cash,Conventional
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Listing Price Information
Original List Price: $375,000 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: SLY 34.64 FT OF LOT 120 O. P. SEC 22 & 23. TAX MAP: 0.07 AC
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Tax Information
Annual Tax: $3,990 Parcel Number: 5410012070Possession
Subject To Tenant RightsLegal Information
Legal Description: Section: SLY 34.64 FT OF LOT 120 O. P. SEC 22 & 23. TAX MAP: 0.07 AC
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Unit 1 Information
# of Bedrooms: 1 -
Unit 2 Information
# of Bedrooms: 1
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School Information
School District: Otsego -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 224 Charles Street , Otsego, MI, 49078 | $279,900 | 5 | -- | -- |
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ByOwner last updated this listing 06/25/2026 @ 01:24
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