$360,000
Grand Rapids, MI 49505
MLS# 26010097
1 / 29
Property Description
Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity. This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month. The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner. Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss
Details
Maps
Location & Property Info
Cross Streets: Fernando and Spencer
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 44x49x25x49x19x99
Financial Available: Yes
Road Frontage: 44.87
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Total Parking Spaces: 0
School District: Grand Rapids
Lot Measurement: Acres
Year Built: 1890
Tax Info
Taxable Value: 100615
SEV: 129500
For Tax Year: 2026
Seller's Annual Property Tax: 5030
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: No
Zoning: Res improved
Tax ID #: 41-14-18-451-002
Remarks & Misc
Public Remarks: Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity.
This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month.
The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner.
Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss
Legal: S 44.87 FT OF LOT 1 BLK 2 & S 19.87 FT OF LOT 2 BLK 2* PAGE S SUBDIVISION* OF BLOCKS 16 & 17 STEWART & IVES ADDITION
Lot Description
Sidewalk: 1
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Laundry Features
Laundry Room: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
None: 1
Substructure
Crawl Space: 1
Full: 1
Owner Pays
Water: 1
Unit 1
Unit Description: Lower Unit
SqFt: 700
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Unit 2
Unit Description: Upper Unit
SqFt: 700
Occupied: No
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Single Family
SqFt: 900
Occupied: No
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1402
Street Name: North
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49505
OfficeContract Info
Status: Active
Current Price: $360,000
List Price: $360,000
Listing Date: 2026-03-16
Remarks Misc
Directions: North of Leonard to North St.
Property Features
Laundry Features: Laundry Room
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Crawl Space; Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: None
Street Type: Public
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Five Star Real Estate (Grandv)
Listing Agent: Anthony Hernandez
Last Updated: May - 13 - 2026
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