$ 995,000
-
$995,000
Price -
0
Bed -
0
Bath -
10,507
SqFt
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About the Listing 95898 - MR7264,MR804498
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand RapidsRare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Listing Highlights
Status
Pending
Days on Site
30
Property Type
Multi-Family
MLS ®
70523014
Year Built
1888
Total Square Footage
10,507
Lot/Acreage
0.6
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 10507
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Sidewalks
- Garage Capacity: N/A
- Lot Dimensions: 194x134
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $12,404
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
1230 1230-1246 Alpine Grand Rapids, MI 49504
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