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Jessica A Wilson

jannewilsonrealtor@gmail.com +1(313) 399-5605

$ 1,095,000

Est. payment | -/mo

5,432 SqFt

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$ 1,095,000

Est. payment | -/mo

Save Virtual Tour

5,432 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 5,432 sqft

Price per Sqft $201

MLS Listing ID 65026042669

Year Built 1890

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type MultiFamily

Property Description

DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Full

Interior

Heating Natural Gas, Radiant

Fireplace No

Exterior

Community Features Sidewalks

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerConnected

View Y/N No

Building

Sewer Public Sewer, Sewer At Street, Storm Drain

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/shorts/AdinwzbvsLI

Listed by Vito (Jr.) E Dolci of Five Star Real Estate (Walker)

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI 48101-2036, USA

Learn More About LPT Realty

522 Michigan ST NE City Of Grand Rapids, MI 49503