Hastings, MI 49058
MLS# 20251027913
Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired. Unlock the potential of this rare gem in the heart of the city’s vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors.Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental—tailor it to your vision!Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators.Step outside and you’re tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away.Whether you’re looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don’t miss your chance to own a cornerstone property in one of Hastings’ most dynamic neighborhoods!Proforma available based on current rents and expenses.
Listed by David Elwood · Epique Realty
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,765/mo
$69,800 down · $279,200 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
32 photosActive712 Riverwalk Street 11, Hastings, MI 49058
Hastings, MI 49058
2 bd · 2 ba · 1,484 sqft
24 photosActiveUnit 34 Legacy Lane, Hastings, MI 49058
Hastings, MI 49058
3 bd · 2 ba · 2,242 sqft
22 photosActive335 E North Street, Hastings, MI 49058
Hastings, MI 49058
2 bd · 2 ba · 1,514 sqft