$ 599,000
-
$599,000
Price -
4,285
SqFt -
0.15
Acre
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About the Listing 80723 - MR12841
Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
Listing Highlights for 1230 Alpine
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Space Heater
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4285
- Basement: MI Basement
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 49.33 x 131.16
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,918
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1230 Alpine Grand Rapids, MI 49504
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