$ 575,000
-
$575,000
Price -
12
Bed -
0.15
Acre
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About the Listing 650008508186 - 65200014728297
Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
Listing Highlights for 1230 Alpine Ave NW
Interior Details
- Bedrooms: 12
- Appliances:
- Air Cond:
- Heating: Forced Air,Space Heater,Natural Gas
- Fireplaces:
- Floor:
- Basement: Michigan Basement
- Other: Forced Air,Space Heater
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 49.33 x 131.16
- Zoning: Commercial
- Roof: Rubber
- Others: Vinyl
- Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Financial Details
- Tax Amount: $4,918
- Taxes w/Assessments: N/A
- Tax/Property ID: 411313356012
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1230 Alpine Ave NW Grand Rapids, MI 49504
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