27
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$209,900
Est. payment /mo
2,613 Sqft Lot
Price Dropped by $5K
1403 Turner Avenue Grand Rapids, MI 49504-3236
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70459120
Year Built 1905
Annual Tax Amount $1,435
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 33 x 75
Property Sub-Type Multi-Family
Property Description
Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer--making for a low-maintenance investment.The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants.With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Multi-Family
Rooms
Basement MI Basement
Interior
Heating Baseboard, Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Grand Rapids City School District
Others
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Moayyer Real Estate