About This Home

This 3-bedroom, 0-bathroom residential multi family at 120 N Farmer Street in Otsego, MI is listed for $325,000. Built in 1870, on a 0.07 acres lot.

Key Features

  • Built in 1870
  • 0.07 acre lot
  • 10 parking spaces

Property Details

5 full, 2 half
10 spaces
1870
Listing 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.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

120 N Farmer Street

Otsego, MI 49078

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Questions & Answers

This 3-bedroom, 0-bathroom residential multi family at 120 N Farmer Street is listed at $325,000. The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1870, 0.07 acre lot, 10 parking spaces.

This property is listed by Adam Atwood.

AA

Adam Atwood

Agent at Five Star Real Estate

Listed by Five Star Real Estate · Broker phone: 269-459-7898 · View on Broker Site

MLS# 26016147· Source: Michigan Regional Information Center, LLC.· 197 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

120 N Farmer Street, Otsego, MI 49078

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