$350,000
Grand Rapids, MI 49507
MLS# 25061399
1 / 15
Property Description
Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.
Details
Maps
Location Property Info
County: Kent
Street #: 1012
Street Name: Prospect
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1111
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2025-12-10
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6447
Lot Acres: 0.15
Lot Dimensions: 46 X 140
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Road Frontage: 46
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-31-379-004
Taxable Value: 65780
SEV: 171900
For Tax Year: 2025
Seller's Annual Property Tax: 4024.97
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: RES
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 1
SqFt: 1144
Occupied: Yes
Monthly Rent: 1400
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
SqFt: 1144
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 1144
Occupied: No
Monthly Rent: 1400
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
SqFt: 1144
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Shingle Siding; Other
Roofing: Rubber
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Grand River Realty
Listing Agent: Tedros Fremichael
Last Updated: December - 17 - 2025
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