407 S Michigan Ave Big Rapids, MI 49307
Estimated payment $1,698/month
Highlights
- 1 Fireplace
- High Speed Internet
- Level Lot
- Forced Air Heating System
About This Home
7-Bedroom Investment Opportunity Near FSU!
This spacious 7-bedroom, 2-bath home offers strong rental potential with a history of reliable income. Located just steps from Ferris State University, it's an ideal option for student housing or a large rental property. The main floor is a spacious, freshly updated 4 bedroom unit, and the upstairs is currently setup as a 3 bedroom unit with a living room that has been a 4th room in the past. Both units are fully rented and will cash flow from day one. With its prime location, size, and updates, this property is a rare find for investors or anyone looking to tap into the demand for campus-area housing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,169
Year Built
- Built in 1920
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50x150
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
- Laundry on main level
Parking
- 7 Parking Spaces
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,656 | $87,300 | $0 | $0 |
| 2024 | -- | $78,400 | $0 | $0 |
| 2023 | -- | $72,000 | $0 | $0 |
| 2022 | $3,506 | $61,600 | $0 | $0 |
| 2021 | $3,506 | $58,800 | $0 | $0 |
| 2020 | -- | -- | $0 | $0 |
| 2019 | -- | -- | $0 | $0 |
| 2018 | -- | -- | $0 | $0 |
| 2017 | -- | -- | $0 | $0 |
| 2016 | -- | -- | $0 | $0 |
| 2014 | -- | -- | $0 | $0 |
| 2013 | -- | -- | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $239,000 | +88.2% | -- | |
| 12/05/2019 12/05/19 | Sold | $127,000 | -9.2% | -- | View Prior Sale |
| 10/22/2019 10/22/19 | Pending | -- | -- | -- | |
| 10/17/2019 10/17/19 | For Sale | $139,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $127,000 | Sun Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $95,250 | New Conventional |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25043192
APN: 5417-014-153-003
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Information is deemed reliable but not guaranteed.
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