$499,000

Multi Family In Grand Rapids

  • 3,082 Sqft
  • 6,970 Sqft lot
  • Updated: September 17
  • Source:
    MiRealSource  MLS#70558971

About the Property

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
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
  • Property type

    Other

  • Year built

    1875

  • Price/sqft

    $161

Features

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27 Colfax Street, Grand Rapids, Michigan, United States View on Google Maps
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United Realty Services LLC - Grand Rapids

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United Realty Services LLC - Grand Rapids
Michigan, United States
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6
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2026
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United Realty Services LLC - Grand Rapids
Grand Rapids, Michigan, United States
View agency profile
Last updated
September 17
First listed
Sep 17
Listing reference
70558971
Listing status
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