4240 Norman Drive SE, Grand Rapids, MI 49508

$575,000
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Sold Price
$575,000
List Price
$599,000
Closing Date
Jun 13, 2025
Days on Market
39
MLS#
25013671
Status
SOLD
Type
Multifamily
Neighborhood
Grand Rapids - G
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(616) 402-2701

Property Description

Check out this fully renovated 4-unit property in Grand Rapids with strong cash flow. Each unit offers 2 beds, 1 bath, and approx. 774 sq ft. Updates in 2022 include new kitchens, baths, appliances, flooring, paint, lighting, 3 new HVAC systems, water heaters, sliding doors, and decks. The property also features shared digital laundry by wash.com, 8 parking spaces, and a storage shed. This property is fully occupied with current gross rents of $5,270.00/month. Owner covers lawn care, snow, gas, water/sewer, and common utilities. Seller is open to creative offers with 25% down and a 2-3 year balloon. Rent roll and T12 are available with a signed confidentiality agreement. Showings after accepted offer. Contact Brett with any interest or for more information.

(616) 402-2701
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Additional Information

Owner Pays
Gas, Sewer, Water
Taxes
$7,590
Acres
0.28
Basement
Full, Walk-Out Access
Heating
Forced Air
Roofing
Composition
School District
Kentwood
Sewer
Public Sewer
Tenant Pays
Electricity
Total Parking Spaces
8
Utilities
Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Water
Public
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Hunter J Maat from Listing Office: Bellabay Realty LLC.

Selling Agent: Selling Office: .

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