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$ 1,550,000
Est. payment | /mo
6,272 SqFt
$ 1,550,000
Est. payment | /mo
6,272 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,272 sqft
Price per Sqft $247
Subdivision Mi
MLS Listing ID 70441889
Year Built 1961
Annual Tax Amount $23,581
Tax Year 2023
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 110 x 243
Property Description
Now offering this solid 8-unit real estate investment opportunity in Grand Rapids, Michigan. Situated in a high-rent district and close to shopping, restaurants, highways, hospitals and more. All 8 units have been tastefully remodeled, and the property is completely turnkey. Each unit features 2 sizable bedrooms, 1 bathroom, updated kitchen and living room spaces and private laundry. Plenty of private off-street parking available. New roofs, Pella windows, A/C units and furnaces as of 2 years ago. Tenants pay all utilities except for water. Possible value-add with garden unit development in the basements. Don't miss out on this opportunity to build your rental portfolio!
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty (Grand Rapids)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "