$249,900
For Sale

833 Mc Reynolds Avenue NW

Grand Rapids, MI 49504
Browse 19 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

This prime investment opportunity in the heart of Grand Rapids offers a 2-unit, income-producing multi-family property situated on a large lot with potential for future development. Located just a short walk from Bridge St Market and some of the city's most popular bars and restaurants, this property is perfect for both investors and owner-occupants. The first unit is a spacious and updated 3-bedroom, 1-bathroom space that is vacant and move-in ready. Unit 1offers the perfect opportunity for an owner occupant to purchase the property and use the income from unit 2 to help offset their mortgage payment with rental income from unit 2. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is currently occupied by a long-term tenant, offering consistent rental income. The large lot offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today!

  • Property Details
      • Acres0.18
  • Construction Details
      • BasementMichigan Basement
      • Property TypeMulti-Family
    • Condition
      • Year Built1887
  • Utilities / Energy Details
      • Utility FeaturesNatural Gas Available, Cable Available, Electricity Connected
      • Sewer InformationPublic Sewer
  • Community and Neighborhood Details
      • School DistrictGrand Rapids
      • CountyKent
  • Financial Details
      • Original List Price$274,900
      • Days on Market (Cumulative)67
  • Other
      • MLS #24046088

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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