1246 Alpine Avenue NW, Grand Rapids, MI 49504
- $370,000
- List Price
- $370,000
- Price Change
- ▼ $10,000 1784649637
- Days on Market
- 48
- MLS#
- 26028898
- Status
- ACTIVE
- Type
- Multifamily
Property Description
An opportunity to own two duplexes on one parcel in Grand Rapids' booming West Grand neighborhood! This strategically priced four-unit multifamily asset is generating $3,695 per month in gross rents, providing investors an attractive entry point into the thriving rental market. The front duplex offers a 2-bed/1-bath lower unit and 3-bed/1-bath upper unit with newer roof and vinyl siding. The rear duplex includes a 1-bed/1-bath lower unit and 2-bed/1-bath upper unit with additional upside potential through future improvements. Conveniently located near downtown Grand Rapids, Alpine Avenue, Bridge Street, shopping, dining, breweries, and neighborhood amenities, making it attractive to both current and future tenants. A rare opportunity to acquire a four-unit investment property in one of the city's fastest-growing rental markets. Looking for more? 1242 and 1236 Alpine are also available, creating an 8 unit pack opportunity. Inquire for more details.
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Additional Information
- Owner Pays
- Trash Collection, Water
- Taxes
- $3,579
- Acres
- 0.14
- Basement
- Full, Michigan Basement
- Heating
- Forced Air
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 6
- Utilities
- Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Kyle P Naumann from Listing Office: Edison Brokers & Co LLC.
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