852 3rd NW Street new 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
Municipality City of Grand Rapids
MLS Listing ID 24055932
Year Built 1896
Annual Tax Amount $3,596
Tax Year 2023
Lot Size 2,544 Sqft
Acres 0.06
Lot Dimensions 32 x 79.5
Property Description
Discover this fantastic 2-unit multifamily property on the desirable northwest side of Grand Rapids! Just a short stroll from the vibrant Bridge Street scene, you'll find an array of restaurants, breweries, and the Bridge Street Market grocery store, making this location a perfect blend of convenience and urban living.
This well-maintained property features two leased units, offering immediate income potential. The lower unit boasts a spacious 3-bedroom, 1-bath layout, currently leased for $1,700 per month. Recently renovated, it features a modern updated kitchen and updated bathroom with new tub, toilet and vanity. Fresh paint, and new flooring throughout providing a stylish and comfortable living space.
The upper unit, a cozy 1-bedroom, 1-bath, is leased for $1,150 per month. Each unit has separate utility meters and furnaces, ensuring easy management for the owner.
Located close to Grand Valley State University's downtown campus and conveniently near a bus line to the Allendale campus, this property is ideal for students and young professionals alike. Whether you're an investor seeking a turnkey rental or looking to live in one unit while generating income from the other, this multifamily gem is a must-see. Don't miss your chance to own a piece of this thriving community! Each unit has separate utility meters and furnaces, ensuring easy management for the owner.
Located close to Grand Valley State University's downtown campus and conveniently near a bus line to the Allendale campus, this property is ideal for students and young professionals alike. Whether you're an investor seeking a turnkey rental or looking to live in one unit while generating income from the other, this multifamily gem is a must-see. Don't miss your chance to own a piece of this thriving community!
Location
State MI
County Kent
Area Grand Rapids - G
Direction From HWY 196, get off at the Lane Ave exit. Turn north on Lane Ave. Turn right on 3rd St NW. Home is on the right.
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Laundry Common Area,In Basement
Exterior
Utilities Available Cable Available,Natural Gas Connected,Electricity Connected,Broadband
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Sewer Public Sewer
Structure Type Aluminum Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-23-477-009
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional