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.
Mortgage Calculator
Estimated Monthly Payment Breakdown
Est. Purchase Price
$50,907 per monthPMI
$3,461 per monthInsurance
$400 per monthTaxes
$12,500 per monthTotal Payment:
$67,268 per month
- Status
- Active
- Address
- 120 N Farmer Street
- City
- Otsego
- Zip
- 49078
- County
- Allegan
- Township
- Otsego City
- Possession
- Subject To Tena
- Zoning
- Commercial
- Property Type
- 5+ Units
- List Price
- $375,000
- Year Built
- 1870
- Basement
- Full
- Heating
- Forced Air
- Acreage
- 0.07
- Lot Dimensions
- 30.64x101
- Exterior Materials
- Vinyl Siding
- School District
- Otsego
- Taxes
- $3,989
| MLS Number | Status | Activity Date | List Price | Sold Price | DOM |
|---|---|---|---|---|---|
| 26016147 | Active | Apr 17 2026 9:29AM | $375,000 | 101 |
Listing courtesy of
Five Star Real Estate
Office Address: 101 E Allegan St, Otsego
Listing Agent: Adam Atwood
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listings last updated: July 27, 2026. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.
Our Michigan real estate agents can answer all of your questions about 120 N Farmer Street, Otsego MI 49078. Real Estate One and Max Broock Realtors are part of the Real Estate One Family of Companies and dominate the Otsego, Michigan real estate market. To sell or buy a home in Otsego, Michigan, contact our real estate agents as we know the Otsego, Michigan real estate market better than anyone with over 100 years of experience in Otsego, Michigan real estate for sale.
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