$ 499,000
-
$499,000
Price -
6
Bed -
0.16
Acre
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About the Listing 650001430022 - 65143200641312
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
Listing Highlights
Interior Details
- Bedrooms: 6
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other: Laundry Facility,Forced Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 50*135
- Zoning: Residential
- Roof: Composition
- Others: Aluminum,Pub. Sidewalk
- Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Financial Details
- Tax Amount: $4,441
- Taxes w/Assessments: N/A
- Tax/Property ID: 411418301020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
27 Colfax St NE Grand Rapids, MI 49505
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