$637,900
Pending

1248 Northfield Avenue NE

Grand Rapids, MI 49505
Browse 10 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

**Prime Investment Opportunity for investor or owner occupant in Grand Rapids NE** Explore this exceptional 4-unit townhouse apartment building boasting a captivating mid-century modern aesthetic. Constructed with durability in mind, including solid concrete dividing walls, this property promises lasting quality. Each unit features a consistent layout comprising 2 bedrooms, 1 bath, and full basements complete with laundry hookups. The basements offer potential for expansion or additional amenities, ideal for customizing to suit tenant needs. Benefit from numerous updates throughout, ensuring low-maintenance upkeep. The property includes four convenient carport stalls, one per unit, enhancing tenant convenience and appeal. Located in close proximity to downtown Grand Rapids amidst a backdrop of exciting upcoming developments, this property presents an enticing investment opportunity. All tenants are currently on month-to-month leases with $1290/Month on each units, providing flexibility for new ownership. Viewings are limited during open houses to respect tenants' privacy, with full access granted post-accepted offer or during inspection, minimizing disruption. Whether you're an investor seeking to diversify your portfolio or an owner-occupant looking for a sound investment, this property is not to be missed. Schedule your viewing today! Photos are from similar units before tenant move in. Please do not distrub the tenants. Seller to review all offer on 5/20 at 7 pm.
Seller is a Licensed real estate broker in the State Of Michigan.

  • Property Details
      • CoolingWindow Unit(s)
      • Property TypeMulti-Family
      • School DistrictGrand Rapids
      • RegionGrand Rapids
      • Parcel Number411417352025
      • ZoningResidential
      • MLS #65024022966
      • Property SubtypeMultifamily
      • MLS #65024022966
      • HeatingForced Air
      • Original List Price$637,900
      • Cost637900
      • Year Built1961
      • CountyKent

Location

Slater Signature HomesReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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.

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