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120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
120 N Farmer Street
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Courtesy of Adam Atwood, Five Star Real Estate
$375,000

120 N Farmer Street

3,049 Sq.Ft.

Description

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 your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own a low-maintenance, passive income generator in a growing downtown market.

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Location

120 N Farmer Street, Otsego, MI 49078

Status

For Sale
Adam  Atwood

Adam Atwood

TITLE

Team Leader

Property Amenities

Area & Lot
Lot Area 3,049 Sq.Ft.
MLS® ID 26016147
Year Built 1870
School District Otsego
Type Other
Status For Sale
Exterior
Heat type Forced Air
Lot Features Sidewalk
Roof Composition
Utilities Natural Gas Connected, Electricity Connected, Cable Connected
Finance
Sales Price $375,000
Real Estate Tax $3,990 yearly
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Schedule a Showing

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Thank you for your interest in 120 N Farmer Street, Otsego, MI 49078. We are reviewing your request and will be in touch shortly!

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