$ 1,095,000
-
$1,095,000
Price -
12
Bed -
0.26
Acre
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About the Listing 650009815249 - 65143039373270
DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.
Listing Highlights
Interior Details
- Bedrooms: 12
- Appliances:
- Air Cond:
- Heating: Radiant,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other: Cable Available,Radiant
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Lot Dimensions: 75 x 185
- Zoning: Other
- Roof:
- Others: Vinyl,Wood,Paved,Pub. Sidewalk
- Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Financial Details
- Tax Amount: $6,795
- Taxes w/Assessments: N/A
- Tax/Property ID: 411430202008
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
522 Michigan St NE Grand Rapids, MI 49503
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