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852 3rd Street NW Grand Rapids, MI 49504
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Key Details
Sold Price $253,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024055932
Sold Date 12/23/24
Bedrooms 2
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1896
Annual Tax Amount $3,596
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 32 x 79.5
Property Description
Discover this fantastic 2-unit multifamily property on the desirable northwest side of Grand Rapids! Just a short stroll from the vibrant Bridge Street scene, you'll find an array of restaurants, breweries, and the Bridge Street Market grocery store, making this location a perfect blend of convenience and urban living.This well-maintained property features two leased units, offering immediate income potential. The lower unit boasts a spacious 3-bedroom, 1-bath layout, currently leased for $1,700 per month. Recently renovated, it features a modern updated kitchen and updated bathroom with new tub, toilet and vanity. Fresh paint, and new flooring throughout providing a stylish and comfortable living space.The upper unit, a cozy 1-bedroom, 1-bath, is leased for $1,150 per month.Each unit has separate utility meters and furnaces, ensuring easy management for the owner.
Located close to Grand Valley State University's downtown campus and conveniently near a bus line to the Allendale campus, this property is ideal for students and young professionals alike. Whether you're an investor seeking a turnkey rental or looking to live in one unit while generating income from the other, this multifamily gem is a must-see. Don't miss your chance to own a piece of this thriving community!
Location
State MI
County Kent
Area Grand Rapids
Zoning Residential
Direction From HWY 196, get off at the Lane Ave exit. Turn north on Lane Ave. Turn right on 3rd St NW. Home is on the right.
Interior
Interior Features Laundry Facility
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Roof Type Composition
Road Frontage Paved
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411323477009
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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