1402 North NE Avenue, Grand Rapids, MI 49505
1402 North NE Avenue, Grand Rapids, MI 49505
1402 North NE Avenue, Grand Rapids, MI 49505
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$360,000
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1402 North NE Avenue Grand Rapids, MI 49505

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Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26010097

Year Built 1890

Annual Tax Amount $5,030

Tax Year 2026

Lot Dimensions 44x49x25x49x19x99

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity.

This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month.

The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner.

Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss

Location

State MI

County Kent

Direction North of Leonard to North St.

Rooms

Basement Crawl Space, Full

Interior

Heating Forced Air

Laundry Laundry Room

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

View Y/N No

Roof Type Composition

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-18-451-002

Acceptable Financing VA Loan, FHA, Cash, Conventional

Listing Terms VA Loan, FHA, Cash, Conventional


Listed by Five Star Real Estate (Grandv)

NEARBY SCHOOL & BUSINESS

Lilian Felix
Lilian Felix

Agent | License ID: 6501433130

+1(616) 337-7418 | lilian@lilianfelix.com

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1402 North NE Avenue