1012 Prospect Avenue SE, Grand Rapids, MI 49507

$351,000
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Sold Price
$351,000
List Price
$350,000
Closing Date
Jan 27, 2026
Days on Market
10
MLS#
25061399
Status
SOLD
Type
Multifamily
Neighborhood
Grand Rapids - G
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(616) 402-2701

Property Description

Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.

(616) 402-2701
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Additional Information

Owner Pays
Sewer, Water
Taxes
$4,024
Acres
0.15
Basement
Michigan Basement
Heating
Forced Air
Roofing
Rubber
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
Electricity, Gas, Trash Collection
Total Parking Spaces
4
Utilities
Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
Water
Public Water
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Tedros T Fremichael from Listing Office: Grand River Realty.

Selling Agent: Selling Office: .

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