30
See all 30 photos
$380,000
Est. payment /mo
6,098 Sqft Lot
New
1246 Alpine AVE NW City Of Grand Rapids, MI 49504
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026028898
Year Built 1910
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
Property Description
An opportunity to own two duplexes on one parcel in Grand Rapids' booming West Grand neighborhood! This strategically priced four-unit multifamily asset is generating $3,695 per month in gross rents, providing investors an attractive entry point into the thriving rental market. The front duplex offers a 2-bed/1-bath lower unit and 3-bed/1-bath upper unit with newer roof and vinyl siding. The rear duplex includes a 1-bed/1-bath lower unit and 2-bed/1-bath upper unit with additional upside potential through future improvements. Conveniently located near downtown Grand Rapids, Alpine Avenue, Bridge Street, shopping, dining, breweries, and neighborhood amenities, making it attractive to both current and future tenants. A rare opportunity to acquire a four-unit investment property in one of the city's fastest-growing rental markets.Looking for more? 1242 and 1236 Alpine are also available, creating an 8 unit pack opportunity. Inquire for more details.
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Building
Foundation MichiganBasement
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Kyle P Naumann of Edison Brokers & Co LLC
NEARBY SCHOOL & BUSINESS
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