1051 Pine Avenue NW, Grand Rapids, MI 49504
- $505,000
- Sold Price
- $505,000
- List Price
- $499,900
- Closing Date
- Nov 02, 2023
- Days on Market
- 4
- MLS#
- 23136386
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
Property Description
Welcome to a turnkey investment opportunity on the west side of Grand Rapids. The close proximity to downtown GR, for all things entertainment, dining and colleges (GRCC, GVSU and MSU) and conveniently located near public transportation and major highways (196 and 131) help ensure it will remain a sought-after location. This four-unit building comprises each unit of two bedrooms and one bathroom. One unit does have three bedrooms and one bathroom. There are two shared laundry spaces in the basement. As units have been turned over, they have been updated and refreshed to meet the expectations of today's renters, ensuring high occupancy rates. One of the key advantages of this investment is its fully rented status.
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Additional Information
- Owner Pays
- Sewer, Water
- Taxes
- $6,969
- Acres
- 0.15
- Basement
- Michigan Basement, Partial
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 3
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Ariel Christy from Listing Office: Engel and Volkers Shoreline - I.
Selling Agent: Selling Office: .
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