Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 6-bedroom, 0-bathroom residential multi family at 1402 North Avenue NE in Grand Rapids, MI is listed for $360,000. Built in 1890, on a N/A lot.
Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity. This unique parcel includes both a duplex and a fully renovated single-family home.
The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month. The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month.
The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner. Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss
Key Features
- Built in 1890
Property Details
Monthly Cost Estimate
$1,925/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1402 North Avenue NE
Grand Rapids, MI 49505
Property Details
Construction
Heating
Questions & Answers
This 6-bedroom, 0-bathroom residential multi family at 1402 North Avenue NE is listed at $360,000. The estimated monthly payment is $1,560 based on 20% down at 6.5% interest.
Key features include: Built in 1890.
This property is listed by Anthony Hernandez and can be reached at 6162956229 or tony@cremerteam.com.
