

120 N Farmer StreetOtsego, MI 49078
Multi-Family · 0.07 Acres120 N Farmer Street Overview
- Time on Site:
- 74 days
- Visits:
- 0
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.
120 N Farmer Street Facts & Features
- Type Multi-Family
- Lot 0.07 Acres
Details
General
Building Information
- New Construction: No
- Year Built: 1870
Location/Region
- County Or Parish: Allegan
Rent/Lease Information
- Tenant Pays: Electric,Water,Trash,Sewer,Gas
Tax Information
- Tax Annual Amount: 3989.77
General Information
- Parcel Number: 54-100-120-70
- Property Sub Type: 5+ Units
- Property Type: Multi Family
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
Exterior
Lot Information
- Lot Features: Sidewalk
- Lot Size Dimensions: 30.64x101
- Lot Size Square Feet: 3049.0
- Lot Size Units: Acres
- Road Surface Type: Paved
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Vinyl Siding
- Roof: Composition
General Information
- Number Of Units Total: 5
- Utilities: Natural Gas Connected,Electricity Connected,Cable Connected
120 N Farmer Street Neighborhood
Community
49078 (Otsego) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.120 N Farmer Street Monthly Cost
120 N Farmer Street Market Data
Based on the last 30 days in this zip code
120 N Farmer Street History
| Date | Value | Agent |
|---|---|---|
| 4/17/2026Source: MichRIC MLS | April 17, 2026 |
