3241 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 25060041
Year Built 1964
Annual Tax Amount $8,842
Tax Year 2025
Lot Size 0.297 Acres
Property Sub-Type 2 to 4 Units
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 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! 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!
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Radiant
Cooling Window Unit(s)
Exterior
Parking Features Concrete,Driveway
Utilities Available Natural Gas Available,Electricity Available,Electricity Connected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing FHA,Cash,Conventional
Listing Terms FHA,Cash,Conventional