$349,900
Grand Rapids, MI 49504
MLS# 25046479
Status: Pending
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Property Description
Welcome home to 1027 Jennette Ave Northwest! This clean and renovated multifamily property offers two spacious units on Grand Rapids' highly sought-after Northwest side, just minutes from downtown. This duplex features a 3 bedroom 1 bathroom upstairs unit and a 3 bedroom 1 bath downstairs unit. Upstairs is currently rented at $1,850 with a great tenant. Downstairs has been renovated and owner just signed new year lease for $1875, bringing the total monthly rental income to $3,725. This home offers a small covered front and upstairs porch for added outdoor space. There is an alley behind the home with concrete pad for parking. Separate electric meters paid by tenants, owner pays gas/ water.
Details
Maps
Location Property Info
County: Kent
Street #: 1027
Street Name: Jennette
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 4143
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $349,900
List Price: $349,900
Listing Date: 2025-09-10
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4680
Lot Acres: 0.11
Lot Dimensions: 45x105
Year Built: 1890
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2029-06-27
Road Frontage: 45
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1932
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-23-232-024
Taxable Value: 32591
SEV: 108900
For Tax Year: 2024
Seller's Annual Property Tax: 1681.07
Tax Year: 2024
Spec Assessment & Ty: N/A
Zoning: RES
Remarks Misc
Directions: leonard exit on 131. head west. left on Jennette st head south
Status Change Info
Under Contract Date: 2025-12-19
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 1200
Annual Maintenance: 500
Annual Utilities: 250
Gross Op. Inc.: 44700
Net Operating Income: 39747
Operating Expense: 6381
Unit 1
Unit #: 1
Unit Description: Floor 1
SqFt: 950
Occupied: Yes
Monthly Rent: 1875
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2nd Floor
SqFt: 982
Occupied: Yes
Monthly Rent: 1850
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Crawl Space; Michigan Basement; Partial
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Tenant Storage
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Concrete
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; W/D Hookup; Washer/Dryer
Unit 2: Range/Oven; Refrigerator
Listing Office: RE/MAX United (Main)
Listing Agent: Edward Zawacki
Last Updated: December - 22 - 2025
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