18864 W Baseline Road, Olivet, MI 49076
- $319,900
- List Price
- $319,900
- Days on Market
- 88
- MLS#
- 26024534
- Status
- PENDING
- Type
- Multifamily
Property Description
This well-maintained fourplex in Olivet presents a strong income-producing opportunity with built-in stability and future upside. Situated on a full 1-acre parcel, the property includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit -- a desirable unit mix that appeals to a broad tenant base. Three of the 2-bedroom units are occupied by long-term, multi-year tenants, providing consistent cash flow and reduced turnover risk. The property has been carefully maintained, with a brand-new metal roof and water softener installed this year. Each unit includes a refrigerator and range, and tenants benefit from a shared laundry room, adding convenience and retention value. Ample on-site parking enhances tenant appeal. Located near The University of Olivet and within easy access to FireKeepers Casino Hotel, the property benefits from stable local employment drivers and consistent rental demand. The 1-acre lot provides a compelling value-add opportunity, with potential.
Additional Information
- Owner Pays
- Electricity, Gas, Trash Collection
- Taxes
- $2,598
- Acres
- 1
- Basement
- Walk-Out Access
- Heating
- Baseboard
- Roofing
- Metal
- School District
- Olivet
- Sewer
- Septic Tank
- Tenant Pays
- Electricity
- Total Parking Spaces
- 8
- Utilities
- Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
- Water
- Well
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Listing courtesy of Listing Agent: Scott Micklewright from Listing Office: Pearse Realty, Inc..
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