$599,900
Grand Rapids, MI 49508
MLS# 25060041
Status: Pending
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Property Description
Owner occupied or Investment Opportunity! Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port -Fully updated Unit # 2 -New front and back doors with enhanced security locks -Updated electrical systems -Updated common hallwa
Details
Maps
Location Property Info
County: Kent
Street #: 3241
Street Name: Marshall
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49508
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $599,900
List Price: $599,900
Listing Date: 2025-11-19
General Property Info
Lot Measurement: Acres
Lot Square Footage: 12937
Lot Acres: 0.3
Lot Dimensions: 89x150x89x161
Year Built: 1964
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Road Frontage: 89
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3472
Total Parking Spaces: 5
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411317301009
Taxable Value: 144800
SEV: 144800
For Tax Year: 2025
Seller's Annual Property Tax: 8842.51
Tax Year: 2025
Spec Assessment & Ty: N/A
Zoning: R-3
Remarks Misc
Directions: E off Eastern on 33rd To Marshall
Status Change Info
Under Contract Date: 2025-11-30
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: upper
SqFt: 850
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: upper
SqFt: 850
Occupied: No
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: lower
SqFt: 800
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: lower
SqFt: 750
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Brick
Roofing: Composition
Substructure: Daylight
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Carports
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Radiant
Air Conditioning: Window Unit(s)
Driveway: Concrete
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Supplements
ys
-New coin-operated laundry area
-Fresh interior and exterior paint
-Updated landscaping
-New mailboxes & exterior security lighting
-Full camera system covering outdoor areas and interior hallways
This is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer.
Don't miss this chance to add a high-performing property to your portfolio!
Listing Office: VJ Real Estate
Listing Agent: Vung Mang
Last Updated: December - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.