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Karen Walls

karen@istherealdeal.com +1(248) 752-5081

$ 224,900

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Price Dropped by $5K

1403 Turner Avenue NW Grand Rapids, MI 49504

2 Beds

2,613 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025012461

Bedrooms 2

Year Built 1905

Annual Tax Amount $1,435

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 33 x 75

Source Greater Regional Alliance of REALTORS®

Property Description

HOUSE HACKING OPPORTUNITY! Upper tenant moving out 5/20. Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer--making for a low-maintenance investment.The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants.With strong rental demand in this prime location, there is significant potential to improve rents over time, increasing cash flow and long-term returns. Don't miss thisDon't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.

Location

State MI

County Kent

Area Grand Rapids

Zoning Other

Direction Webster to Turner and turn south

Interior

Interior Features Laundry Facility

Heating Baseboard, Forced Air

Fireplace no

Heat Source Electric

Laundry 1

Exterior

Roof Type Composition

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411313402013

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by April Moayyer of Moayyer Real Estate

Karen Walls

Agent

+1(248) 752-5081 | karen@istherealdeal.com

Karen Walls

1403 Turner Avenue NW Grand Rapids, MI 49504

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1403 Turner Avenue NW