$360,000
For Sale

1402 North Avenue NE

Grand Rapids, MI 49505
Browse 18 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Address: 1402-1404 North NE
This property is a rare opportunity offering three units: a duplex and a fully renovated single-family property. Perfect for house hacking or investing.
Unit Breakdown
1404 (Single-Family Home)
Renovation: Fully renovated to the studs in 2022.
Features:
All brand-new stainless steel appliances.
New HVAC and central air.
Fully updated electrical, plumbing, and windows.
Current Rent: $1,600 per month (below market).
1402 (Duplex)
Lower Unit: 2 bedrooms, 2 bathrooms.
Current Rent: $900 per month.
Upper Unit: 1 bedroom, 1 bathroom.
Current Rent: $1,000 per month.
Current Rent Total: $1,900 per month (combined for both units).
This home is in a targeted area of Grand Rapids and is eligible for a $15,000 grant towards the purchase

  • Property Details
      • Acres0.01
  • Construction Details
      • BasementCrawl Space, Full
      • Property TypeMulti-Family
    • Condition
      • Year Built1890
  • Utilities / Energy Details
      • Utility FeaturesWater Available, Sewer Available, Natural Gas Connected, Electricity Connected
      • Sewer InformationPublic Sewer
  • Community and Neighborhood Details
      • School DistrictGrand Rapids
      • CountyKent
  • Financial Details
      • Original List Price$360,000
      • Days on Market (Cumulative)83
  • Other
      • MLS #24033185

Location

Teresa L Molyneux | TJR RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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