3201 Marshall SE Avenue new Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49508
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25037907
Year Built 1966
Annual Tax Amount $7,462
Tax Year 2024
Lot Size 0.340 Acres
Property Sub-Type 2 to 4 Units
Property Description
Incredible all-brick income property located at the end of a quiet cul-de-sac, fully rented with long-term tenants and offering exceptional updates and investment potential. This solid multi-unit building features major mechanical upgrades completed in 2024, including a brand new high-efficiency boiler, updated plumbing, and a new hot water heater — all designed to reduce ongoing maintenance and lower utility costs (current gas bill is only $150/month). 9Water 200 per month)One of the units, 3201, has been fully remodeled with a brand new kitchen, modern appliances, updated vinyl flooring, and fresh finishes throughout. It rents for $1,250/month and includes all utilities. The property also offers excellent amenities such as a 5-stall garage, additional storage shed, coin-operated laundry generating approximately $50/month, and a private backyard space. Tenants enjoy comfortable layouts, inviting vinyl flooring, a charming front porch, and basement storage rooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property provides flexibility, stability, and strong income. high-performing property in a desirable location. All major systems have been recently upgraded, offering peace of mind and reduced operating costs. This is truly a turn-key investment that shows pride of ownership and consistent cash flow. Don't miss your chance to own a clean, updated building with great tenants, strong rental income, and excellent long-term potential generating approximately $50/month, and a private backyard space. Tenants enjoy comfortable layouts, inviting vinyl flooring, a charming front porch, and basement storage rooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property provides flexibility, stability, and strong income. high-performing property in a desirable location. All major systems have been recently upgraded, offering peace of mind and reduced operating costs. This is truly a turn-key investment that shows pride of ownership and consistent cash flow. Don't miss your chance to own a clean, updated building with great tenants, strong rental income, and excellent long-term potential
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Hot Water
Cooling Wall Unit(s)
Fireplaces Number 1
Exterior
Parking Features Paved
Utilities Available Natural Gas Connected
View Y/N No
Building
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional