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33281257
33310826

230 North Corning Street, Farwell, MI 48622

DR
MI MI 6502386052
NAI Mid-Michigan
CL
MI MI 6501276016
NAI Mid-Michigan
Listed by NAI Mid-Michigan
$975,000
23 days on market
Updated 0 days ago

Corning Apartments

Details
Property Type Multifamily
Square Footage 11,120
Units 16
Cap Rate 8.70%
Occupancy 81.25%
Tenancy Multi
Rent Bumps Yes
Pro-Forma NOI $78,375
Class C
Year Built 1984
Buildings 2
Stories 2
Investment Type Stabilized

Multifamily Ideal for Investor Cash Flow | Farwell, MI

Marketing description

Corning Apartments | Farwell, MI

Corning Apartments offers a 16-unit workforce housing opportunity just steps from Lear Manufacturing—one of the area’s largest employers—supporting strong, stable occupancy driven by local workforce demand. The property is conveniently located near Farwell Area Schools, adding appeal for residents seeking a walkable, community-oriented setting.

Positioned just minutes from Clare, MI, residents benefit from quick access to additional retail, dining, and services while enjoying the quieter residential environment of Farwell.

The apartments feature efficient layouts designed for long-term tenancy, complemented by durable construction, low-maintenance common areas, and select interior updates that enhance comfort while maintaining affordability.

With its strategic location, reliable tenant base, and ease of management, Corning Apartments offers a stable, income-producing investment opportunity.

Investment highlights

The property is in receivership and will require court approval of the purchase agreement.

Multifamily configuration ideal for investor cash flow

Well-maintained exterior materials ensure low facade upkeep

Purpose-built common areas streamline tenant access

Interior finishes recently refreshed in some units

Thoughtful floor plan supports efficient leasing cycles

Located within a quiet residential pocket of Farwell

Easy access to Clare and the freeway system

Property delivers room for value-add updates

Residential suites tailored for long-term occupancy

Listing Contacts

DR
MI MI 6502386052
NAI Mid-Michigan
CL
MI MI 6501276016
NAI Mid-Michigan
Listed by NAI Mid-Michigan

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Zoning

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HDR ResidentialTwo FamilyHigh Density Residential District
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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Robinson
License
MI 6502386052
Name
Cheri Loudenbeck
License
MI 6501276016
Brokerage
NAI MidMichigan
Brokerage Phone
5174879222
Title
Real Estate Salesperson
Brokerage Address
2149 Jolly Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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