$165,000
Battle Creek, MI 49017
MLS# 26007499
Status: Pending
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Property Description
Investor opportunity in Battle Creek: this occupied multifamily property generates $3,370 in gross monthly income and $2,445 in net operating income, and is offered at $165,000, reflecting an approximate 17.8% cap rate based on current performance. Each unit has been recently updated with new flooring and fresh paint, the property has a strong rental history, providing stability and immediate cash flow from day one. With its current income profile, the asset offers attractive cash-on-cash potential even with conventional financing. Call 269.205.8612 to schedule a showing or to ask questions!
Details
Maps
Location & Property Info
Cross Streets: Capital & Perry
Property Sub-Type: 2 to 4 Units
Municipality: Battle Creek City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x132
Financial Available: Yes
Financial Comments: Monthly Gross: $3,370 | Monthly Net: ~ $2,445
Road Frontage: 66
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-02-01
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Battle Creek
Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Year Built: 1900
Tax Info
Taxable Value: 48000
SEV: 48000
For Tax Year: 2025
Seller's Annual Property Tax: 3434.15
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Tax ID #: 52-6770-00-024-0
Remarks & Misc
Public Remarks: Investor opportunity in Battle Creek: this occupied multifamily property generates $3,370 in gross monthly income and $2,445 in net operating income, and is offered at $165,000, reflecting an approximate 17.8% cap rate based on current performance. Each unit has been recently updated with new flooring and fresh paint, the property has a strong rental history, providing stability and immediate cash flow from day one. With its current income profile, the asset offers attractive cash-on-cash potential even with conventional financing. Call 269.205.8612 to schedule a showing or to ask questions!
Legal: ASSRS PLAT OF PIPERS SUB LOT 24
Income and Expenses
Annual Insurance: 820
Annual Maintenance: 500
Annual Mgmt. Fees: 4850
Annual Utilities: 6000
Gross Op. Inc.: 40440
Net Operating Income: 2870
Operating Expense: 12170
Util Avail at Street
Electricity Available: 1
High Speed Internet: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
VA Loan: 1
Laundry Features
Common Area: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Substructure
Full: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: #1
Occupied: Yes
Monthly Rent: 780
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
Monthly Rent: 820
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
Monthly Rent: 820
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Location Property Info
County: Calhoun
Street #: 15
Street Direction: S
Street Name: Broad
Suffix: Street
Post Direction: S
State: MI
Zip Code: 49017
Zip (4): 4857
OfficeContract Info
Status: Pending
Current Price: $165,000
List Price: $165,000
Listing Date: 2026-03-02
Status Change Info
Under Contract Date: 2026-03-03
Property Features
Laundry Features: Common Area
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; High Speed Internet; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Sale Conditions: None
Listing Office: NextHome ONE of Kalamazoo
Listing Agent: Zac L Folsom
Last Updated: March - 03 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.