Grand Rapids, MI 49504 (MLS # 24061723)

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PRICE $249,900 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 7,841 sqft

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


ADDITIONAL DETAILS
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
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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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.

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