1402 North Avenue NE, Grand Rapids, MI 49505
- Bedrooms
- Bathrooms
- SQ. FT.
- Schools Grand Rapids
- County Kent
- Township City of Grand Rapids
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms
- Basement Crawl Space, Full
- Garage
- Acreage
- Heat Type Forced Air
- Central Air
- Year Built 1890
- Style
- Exterior
- Taxes
- SEV 129500
- Zoning Res improved
- Parcel 41-14-18-451-002
- Lot Size 44x49x25x49x19x99
Features
Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity.
This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month.
The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner.
Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss
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