1402 North Avenue NE, Grand Rapids, MI 49505
- $350,000
- List Price
- $350,000
- Price Change
- ▼ $10,000 1783633699
- Days on Market
- 134
- MLS#
- 26010097
- Status
- ACTIVE
- Type
- Multifamily
Property Description
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(2026), 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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Additional Information
- Owner Pays
- Water
- Taxes
- $5,030
- Basement
- Crawl Space, Full
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Anthony Hernandez from Listing Office: Five Star Real Estate (Grandv).
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