1403 Turner Avenue NW, Grand Rapids, MI 49504

$195,000
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Sold Price
$195,000
List Price
$199,000
Closing Date
Sep 08, 2025
Days on Market
131
MLS#
25012461
Status
SOLD
Type
Multifamily
Neighborhood
Grand Rapids - G
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(616) 402-2701

Property Description

Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer—making for a low-maintenance investment. The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants. With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.

(616) 402-2701
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Additional Information

Owner Pays
Water, Sewer
Taxes
$1,435
Acres
0.06
Basement
Michigan Basement
Heating
Baseboard, Forced Air
Roofing
Composition
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
Electric, Trash, Gas
Utilities
Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: April Moayyer from Listing Office: Moayyer Real Estate.

Selling Agent: Selling Office: .

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