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$ 995,000
Est. payment /mo
Pending
1230-1246 Alpine Avenue Grand Rapids, MI 49504-3140
10,507 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,507 sqft
Price per Sqft $94
Subdivision Mi
MLS Listing ID 70523014
Year Built 1888
Annual Tax Amount $12,404
Tax Year 2024
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 194x134
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Kent
Area Grand Rapids (41032)
Rooms
Basement Other
Interior
Heating Forced Air
Exterior
Exterior Feature Other, Vinyl Siding
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Other,Vinyl Siding
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty (Grand Rapids)