1238 Northfield Avenue NE, Grand Rapids, MI 49505

$525,000

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Sold Price
$525,000
List Price
$525,000
Closing Date
Nov 10, 2023
Days on Market
1
MLS#
23136899
Status
SOLD
Type
Multifamily
Neighborhood
Grand Rapids - G

Property Description

Investors: Check out this Grand Rapids NE brick 4-unit apartment bldg with a mid-century modern flair! Well-constructed & solid. Even the dividing walls are concrete! Units are the same with 2 bedrooms, 1 bath, & full basements with laundry hookups! Basements could be finished for future expansion. Many updates, easy maintenance grounds & 4 carport stalls (1 per unit)! Great location close to downtown GR restaurants, schools & bus routes. Professionally managed by Urban Farm P.M. 3 tenants on month-to-month leases for flexibility. 1 new tenant signed lease until July 31, 2024 (unit still vacant & viewable). After accepted offer, seller to make other units available to be seen, lessening inconvenience to tenants. Looking for a great investment to add to your portfolio? Look no further!

Additional Information

Owner Pays
Sewer, Trash Collection, Water
Taxes
$5,568
Acres
0.28
Basement
Full
Heating
Forced Air
Roofing
Rubber
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
Electricity, Gas
Total Parking Spaces
4
Utilities
Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Tanner L Whitcomb from Listing Office: Five Star Real Estate (Main).

Selling Agent: Selling Office: .

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