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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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807 Colburn Ave , Big Rapids, MI 49307
$260,000
Est. Payment: $577.78/mo
4 Bed
2 Bath
2028 Sqft
Status: Active | Days on site: 19
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w495011952 - w479011210
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

MAJOR INVESTMENT OPPORTUNITY! Situated on a highly visible corner and spanning two parcels, this C-3 zoned property offers multiple possibilities for rental income, business use, or future development. The property currently features two separate rental homes plus a detached garage. The first home is a fully renovated, move-in-ready 2-bedroom, 1-bathroom residence featuring an open kitchen and living area - and it is currently vacant, allowing the new owner to select their own tenant or explore other uses. The second 2-bedroom, 1-bathroom home is occupied by a long-standing tenant, providing immediate rental income. The garage creates even more potential and could possibly be rented separately, used for storage, or utilized for business purposes. Whether you're looking to expand your investment portfolio or take advantage of the flexible C-3 zoning, this unique property is packed with opportunity!
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Highlights

Listed by Kati Ross , 616-302-2573 RE/MAX TOGETHER , 231-629-4100.

Property Type

Residential
Lot/Acreage
0.53

Year Built

1930

County

Mecosta

 School District

Big Rapids

Listing ID

26045982

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dryer, Oven, Range, Refrigerator, Washer
Floor:Carpet,Vinyl
Basement:Crawl Space
Other:
  • ▪ Additional:Master on Main
Water:Public

Exterior Features

Lot:Corner Lot
Roof:Composition
Sewer:Public
Parking Features:Garage Faces Rear,Detached
Principal Interest
$578
Taxes
$417

Home Price

$260,000

Loan Details

30 yrs
%

Down Payment

20%
$52,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$577.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $577.78 $416.67 $0.00 $994.44
Yearly $6,933.33 $5,000.00 $0.00 $11,933.33
Total $208,000.00 $150,000.00 $0.00 $358,000.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Big Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.