42
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$319,900
Est. payment /mo
3,920 Sqft Lot
New
1010 NW Alpine AVE 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 65026042773
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
Updated duplex in a strong rental corridor just minutes from downtown Grand Rapids, currently generating $3,095/month in gross rental income. The lower 4-bedroom, 1-bath unit is leased at $1,895/month, while the upper 2-bedroom, 1-bath unit is leased at $1,200/month, providing immediate cash flow from day one. Both units have been fully renovated with modern finishes, complemented by new windows throughout and a newer roof on the rear portion of the home. Solid unit mix with strong rental appeal and consistent tenant demand. Tenants pay gas, electric, and trash, helping reduce owner expenses. Located near major highways, downtown employers, shopping, and restaurants, this property offers a compelling investment opportunity with strong income potential and long-term upside.
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features None
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash, Conventional, FHA, MSHDA, VaLoan
Listing Terms Cash, Conventional, FHA, MSHDA, VaLoan
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Listed by James Hocking of Smallegan Real Estate
NEARBY SCHOOL & BUSINESS
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