Ample on-site parkingWater softener installedBrand-new metal roofShared laundry room
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.
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Zillow last checked:
Listing updated:
Listed by:
Scott Micklewright269-358-0552,
Pearse Realty, Inc.269-962-6167
Source: MichRIC,MLS#: 26024534
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Heating
Baseboard
Appliances
Laundry: Common Area, Laundry Room, Lower Level
Features
Basement: Walk-Out Access
Interior area
Total interior livable area: 3,100 sqft
Property
Parking
Total spaces: 8
Parking features: Driveway, Gravel
Lot
Size: 1 Acres
Dimensions: 209 x 533
Features: Level
Details
Parcel number: 131306001220
Construction
Type & style
Home type: MultiFamily
Property subtype: 2 to 4 Units
Materials
Vinyl Siding
Roof: Metal
Condition
New construction: No
Year built: 1991
Utilities & green energy
Sewer: Septic Tank
Water: Well
Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
Region: Olivet
Financial & listing details
Price per square foot: $103/sqft
Tax assessed value: $73,744
Annual tax amount: $2,598
Date on market: 6/17/2026
Listing terms: VA Loan,USDA Loan,MSHDA,FHA,Cash,Conventional
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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