833 Mc Reynolds Avenue NW , Grand Rapids, MI 49504
Grand Rapids, MI 49504
Description
This prime investment opportunity in the heart of Grand Rapids offers a 2-unit, income-producing multi-family property situated on a large lot with potential for future development. Located just a short walk from Bridge St Market and some of the city's most popular bars and restaurants, this property is perfect for both investors and owner-occupants. The first unit is a spacious and updated 3-bedroom, 1-bathroom space that is vacant and move-in ready. Unit 1offers the perfect opportunity for an owner occupant to purchase the property and use the income from unit 2 to help offset their mortgage payment with rental income from unit 2. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is currently occupied by a long-term tenant, offering consistent rental income. The large lot offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today!
Details
| MLS# | 24046088 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1887 |
| Days On Site | 37 |
| Listing Provided By | RE/MAX of Grand Rapids (Wyomg) | Ashleigh VanDuinen-Leistra |
Features
| Basement | Y |
|---|---|
| Units | 2 |
| Building(s) | 1 |
| Zoning | None |
| Acreage | 0.18 |
Market Activity 49504
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Learn More About This Property
| State | MI |
|---|---|
| County | Kent |
| City | Grand Rapids |
| Zip Code | 49504 |
| Area | Grand Rapids G |
| Subarea | G |
| School District | Grand Rapids |
| Listing VS Median (in 49504) | |
Price: $249,900 low | high Med: $284,950 On Site: 37 low | high Med: 28.500000 | |