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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 249,900

Est. payment -/mo

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Price Dropped by $15K

833 Mc Reynolds Avenue NW Grand Rapids, MI 49504

2 Beds

7,840 Sqft Lot

UPDATED:

10/08/2024 05:48 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024046088

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS�

Year Built 1887

Annual Tax Amount $1,827

Lot Size 7,840 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 lotoffers 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

Zoning Other

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

Interior

Interior Features Cable Available

Heating Forced Air

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Pool No

Waterfront no

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Wood

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411324155018

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by RE/MAX of Grand Rapids (Wyomg)

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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