$319,900
Olivet, MI 49076
MLS# 26024534
1 / 19
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.
Details
Location & Property Info
Cross Streets: US HW 27 and BASELINE Road
Property Sub-Type: 2 to 4 Units
Municipality: Lee Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 209x533
Road Frontage: 209
Waterfront: No
Basement: No
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 8
School District: Olivet
Lot Measurement: Acres
Lot Square Footage: 43560
Lot Acres: 1
Year Built: 1991
Tax Info
Taxable Value: 73744
SEV: 121800
For Tax Year: 2024
Seller's Annual Property Tax: 2598.58
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: 0
Tax ID #: 13-13-060-012-20
Remarks & Misc
Public Remarks: 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.
Legal: PART OF SEC LEE TWP CALHOUN COUNTY
Waterfront Options
Water Access Y/N: No
Lot Description
Level: 1
Street Type
Gravel: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
Rural Development: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
Laundry Room: 1
Lower Level: 1
Exterior Material
Vinyl Siding: 1
Roofing
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Gravel: 1
Substructure
Walk-Out Access: 1
Extras
Tenant Storage: 1
Owner Pays
Electricity: 1
Gas: 1
Trash Collection: 1
Unit 1
Unit Description: 2 BR
SqFt: 800
Occupied: Yes
Monthly Rent: 875
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit Description: 2 Br
SqFt: 800
Occupied: Yes
Monthly Rent: 875
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit Description: 1 BR
SqFt: 700
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit Description: 2 BR
SqFt: 800
Occupied: Yes
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Calhoun
Street #: 18864
Street Direction: W
Street Name: Baseline Road
State: MI
Zip Code: 49076
OfficeContract Info
Status: Active
Current Price: $319,900
List Price: $319,900
Listing Date: 2026-05-23
Remarks Misc
Directions: MARSHALL TO BASELINE E TO PROPERTY
Property Features
Laundry Features: Common Area; Laundry Room; Lower Level
Exterior Material: Vinyl Siding
Roofing: Metal
Substructure: Walk-Out Access
Lot Description: Level
Sewer: Septic Tank
Water: Well
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Extras: Tenant Storage
Owner Pays: Electricity; Gas; Trash Collection
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard
Driveway: Gravel
Street Type: Gravel
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; MSHDA; Rural Development; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Dishwasher; Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Dishwasher; Range/Oven; Refrigerator
Listing Office: Pearse Realty, Inc.
Listing Agent: Scott Micklewright
Last Updated: May - 24 - 2026
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