Basics

  • Date added: Added 3 weeks ago
  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 0.18 sq ft
  • Year built: 1887
  • Lot Size Acres: 0.18 acres
  • County: Kent
  • MLS ID: 24046088

Description

  • Description:

    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!

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Location

  • Directions: Stocking Ave to 4th St. East on 4th to McReynolds. North on McReynolds to home

Building Details

  • Number Of Units Total: 2
  • Construction Materials: Wood Siding
  • Sewer: Public Sewer
  • Heating: Forced Air
  • Number Of Buildings: 1
  • Basement:

Amenities & Features

  • Parking Total: 2
  • Utilities: Natural Gas Available, Cable Available, Electricity Connected
  • Fireplaces Total: 1
  • Cooling: Window Unit(s)

Fees & Taxes

  • Tax Assessed Value: $33,608
  • Tax Year: 2023
  • Tax Annual Amount: $1,827.10

School Information

  • High School District: Grand Rapids

Miscellaneous

  • CrossStreet: 7th St
  • Owner Pays: Water, Sewer
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electric, Trash Collection, Gas

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This style property is located in is currently and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $274,900. It has bedrooms, 0 baths bathrooms, and is . The property was built in 1887 year.

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