Homes for sale - 833 Mc Reynolds NW Avenue, Grand Rapids, MI 49504 ...

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$249,900

Est. payment - /mo

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8,052 Sqft Lot

Price Dropped by $15K

833 Mc Reynolds NW Avenue Grand Rapids, MI 49504

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Haven Arnold

info@havenarnold.com +1(734) 489-1454

UPDATED:

10/08/2024 05:26 PM

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 24046088

Year Built 1887

Annual Tax Amount $1,827

Tax Year 2023

Lot Size 8,052 Sqft

Acres 0.18

Lot Dimensions 66x122

Property Description

This prime investment opportunity in the heart of Grand Rapids offers a 2-unit, income-producing multi-family property situated on a large lot with potential for future development. Located just a short walk from Bridge St Market and some of the city's most popular bars and restaurants, this property is perfect for both investors and owner-occupants. The first unit is a spacious and updated 3-bedroom, 1-bathroom space that is vacant and move-in ready. Unit 1offers the perfect opportunity for an owner occupant to purchase the property and use the income from unit 2 to help offset their mortgage payment with rental income from unit 2. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is currently occupied by a long-term tenant, offering consistent rental income. The large lot offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today! offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today!

Location

State MI

County Kent

Area Grand Rapids - G

Direction Stocking Ave to 4th St. East on 4th to McReynolds. North on McReynolds to home

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplaces Number 1

Exterior

Utilities Available Natural Gas Available, Cable Available, Electricity Connected

View Y/N No

Total Parking Spaces 2

Building

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-13-24-155-018

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX of Grand Rapids (Wyomg)

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Haven Arnold

Realtor | License ID: 6501446817

+1(734) 489-1454