Grand Rapids, MI 49504 (MLS # 24061723)
This prime investment opportunity in the heart of Grand Rapids offers a 2-unit, income-producing multi-family property situated on a large lot with potential for future development. Located just a short walk from Bridge St Market and some of the city's most popular bars and restaurants, this property is perfect for both investors and owner-occupants. The first unit is a spacious and updated 3-bedroom, 1-bathroom space that is vacant and move-in ready. Unit 1offers the perfect opportunity for an owner occupant to purchase the property and use the income from unit 2 to help offset their mortgage payment with rental income from unit 2. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is currently occupied by a long-term tenant, offering consistent rental income. The large lot offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today!
DAYS ON MARKET
|
1
|
LAST UPDATED
|
12/4/2024
|
YEAR BUILT
|
1887
|
COMMUNITY
|
Grand Rapids - G
|
COUNTY
|
Kent
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
AIR |
Window Unit(s) |
AIR CONDITIONING |
Yes |
AREA |
Grand Rapids - G |
CONSTRUCTION |
Wood Siding |
FIREPLACE |
Yes |
HEAT |
Forced Air, Natural Gas |
LOT |
7841 sq ft |
LOT DIMENSIONS |
66x122 |
SEWER |
Public Sewer |
TAXES |
1827.1 |
UTILITIES |
Natural Gas Available, Cable Available, Electricity Connected |
ZONING |
None |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Curt
Carini to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by RE/MAX of Grand Rapids (Wyomg), Ashleigh VanDuinen-Leistra
Copyright 2024 MichRIC, LLC. All rights reserved.
Updated 12/4/24 5:27 PM PST
Information Deemed Reliable But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts