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Shree Patel

movewithshree@gmail.com +1(734) 447-7113

$499,000

Est. payment - /mo

4 Baths

6,752 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26049304

Year Built 1875

Annual Tax Amount $4,441

Tax Year 2025

Lot Size 6,752 Sqft

Acres 0.16

Lot Dimensions 50*135

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Excellent investment opportunity in growing NE Grand Rapids! This City-certified 4-unit multifamily property is 100% occupied with great tenants and all leases secured through July 2027, providing immediate cash flow and a smooth transition for the next owner. Current gross rents total $5,005/month ($60,060 annually), putting the property right around the desirable 1% rent-to-price benchmark. Many updates have been completed throughout the units, making this a strong addition to an investor's portfolio. The property also features a large backyard, alley access, and street frontage. With established tenants, strong current rents, City certification until 09/08/2029, and long-term leases already in place, this is an attractive opportunity to acquire a stabilized income-producing property in NE Grand Rapids with future upside. Professional Property Management available making this an easy all around acquisition. 24 hr notice required- Submit pre-approval to listing agent prior to showing

Location

State MI

County Kent

Rooms

Basement Other

Interior

Heating Forced Air

Laundry Common Area, Laundry Room

Exterior

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 4

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-18-301-020

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by United Realty Services LLC

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Shree Patel

+1(734) 447-7113

Agent

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27 Colfax NE Street Grand Rapids, MI 49505

Shree Patel

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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27 Colfax NE Street