1403 Turner NW Avenue Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49504
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25012461
Year Built 1905
Annual Tax Amount $1,435
Tax Year 2024
Lot Size 2,483 Sqft
Property Sub-Type 2 to 4 Units
Property Description
HOUSE HACKING OPPORTUNITY! Upper unit available. 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 rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing. solid investment opportunity in a growing market! Back on market due to buyer financing.
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Baseboard,Forced Air
Fireplaces Number 1
Laundry In Basement
Exterior
Utilities Available Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected
View Y/N No
Roof Type Composition
Building
Lot Description Level,Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional