Battle Creek, MI 49017 15 S Broad Street
$165,000
Pending
4 more
Presented By: Zac L Folsom at Zac Folsom Group - (269) 241-3493
Home Details
Investor alert! This fully rented multifamily in Battle Creek is a cash flow dream, currently generating $3370 gross and $2445 net per month with zero debt service. Priced at $165K, the property delivers a no-debt cap rate of about 17.8% (no debt service).
Each unit has been recently updated with new floors, fresh paint, and boasts a strong rental history, plus the property has been city certified. Ready for immediate income, it's perfect for investors looking for a robust cash return.
For serious buyers with at least 30% down, the seller is open to a land contract option. If you're ready to make money and expand your portfolio, this turnkey investment opportunity in Battle Creek is waiting for you.
Presented By: Zac L Folsom at Zac Folsom Group - (269) 241-3493
Interior Features for 15 S Broad Street
Bathrooms
Total Baths
Other Interior Features
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Interior AmenitiesBroadband
Laundry FeaturesCommon Area
Total Fireplaces1
General for 15 S Broad Street
Additional Parcels Y/NNo
CityBattle Creek
Construction MaterialsWood Siding
CountyCalhoun
DirectionsCapital to Broad to home on left of road
Electric On Property Y/NNo
Gross Income40440.0
HeatingForced Air
High School DistrictBattle Creek
Insurance Expense820.0
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionASSRS PLAT OF PIPERS SUB LOT 24
Listing TermsVA Loan, MSHDA, FHA, Cash, Assumable
Lot Size Square Feet8712.0
Lot Size UnitsAcres
MLS AreaBattle Creek - B
MLS Area MinorBattle Creek - B
MaintenanceExpense500.0
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-21T12:44:26Z
Net Operating Income2870.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Operating Expense12170.0
OwnerPaysTrash Collection, Electricity, Water, Sewer, Gas
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount3607.0
Tax Assessed Value48000
Tax Year2024
Tenant PaysNone
TownshipBattle Creek City
UtilitiesElectricity Available, Natural Gas Connected, Electricity Connected
Year Built1900
Exterior for 15 S Broad Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions66 x 132
Lot Size Acres0.2
Lot Size Area0.2
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Waterfront Y/NNo
Additional Details
Price History
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