21 Spring StBattle Creek, MI 49037

Property Details for 21 Spring St

Year built

1920

Property size (Sq ft)

3,845 SF

Property type

NNN properties

Property subtype

1031 exchange properties

Description

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.

Location Insight

City

Battle Creek

County

Calhoun

State

Michigan

Latitude

42.3158

Longitude

-85.1971

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