18864 W Baseline Road, Olivet, MI 49076
18864 W Baseline Road, Olivet, MI 49076
18864 W Baseline Road, Olivet, MI 49076
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Jared Stout

Jared Stout

+1(269) 599-2008
$319,900
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Pending

Purchase Type For Sale

Municipality Lee Twp

MLS Listing ID 26024534

Year Built 1991

Annual Tax Amount $2,598

Tax Year 2024

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 209x533

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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.

Location

State MI

County Calhoun

Direction MARSHALL TO BASELINE E TO PROPERTY

Rooms

Basement Walk-Out Access

Interior

Heating Baseboard

Laundry Common Area, Laundry Room, Lower Level

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Metal

Total Parking Spaces 8

Building

Lot Description Level

Sewer Septic Tank

Water Well

Structure Type Vinyl Siding

New Construction No

Schools

School District Olivet

Others

Tax ID 13-13-060-012-20

Acceptable Financing VA Loan, Rural Development, MSHDA, FHA, Cash, Conventional

Listing Terms VA Loan, Rural Development, MSHDA, FHA, Cash, Conventional

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Listed by Pearse Realty, Inc.

Nearby Locations

Jared Stout
Jared Stout

Agent License ID: 6501411647

+1(269) 599-2008 | jared.stout@exprealty.com

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