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1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
1402 North Avenue NE
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Courtesy of Anthony Hernandez, Five Star Real Estate (Grandv)
$360,000

1402 North Avenue NE

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, 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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Location

1402 North Avenue NE, Grand Rapids, MI 49505

Status

For Sale
Tony Hernandez

Tony Hernandez

TITLE

REALTOR®

Property Amenities

Interior
Laundry room Laundry Room
Area & Lot
MLS® ID 26010097
Year Built 1890
School District Grand Rapids
Type Multi-Family
Status For Sale
Exterior
Heat type Forced Air
Sewer Public Sewer
Lot Features Sidewalk
Roof Composition
Utilities Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
Finance
Sales Price $360,000
Real Estate Tax $5,030 yearly
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Thank you for your interest in 1402 North Avenue NE, Grand Rapids, MI 49505. We are reviewing your request and will be in touch shortly!

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