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 youre 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.
Listed By
Broker Name: Five Star Real Estate
Broker Phone: 269-377-4589
Agent Name: Adam Atwood
Shown By
Agent Name: Kelly Toney
Agent Phone: (574) 215-9687
Broker Title: Cressy & Everett Real Estate
![]() | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 04/17/2026. |
Estimated Payment
$ 2,298.71 per month $1,856.92 Principal & Interest $332.42 Property Tax $109.38 Homeowner's InsuranceSend an email with a link to
120 N Farmer Street, Otsego, MI 49078.
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