17
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$499,900
Est. payment /mo
2,975 SqFt
Active
944 33rd Street Grand Rapids, MI 49508-2435
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,975 sqft
Price per Sqft $168
Subdivision Mi
MLS Listing ID 25010513
Year Built 1963
Annual Tax Amount $7,300
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 88x136
Property Sub-Type Multi-Family
Property Description
Looking for solid portfolio !! No look further. High-quality fourplex for sale in Grand Rapids. This building includes over $90,000 of recent CapEx updates, including 3 new kitchens, new roof in 2023, all new plumbing, new electrical panels, and all updated windows. At the most recent city cert inspection in 2022, the city inspector gave the building a 3-years certificate due to the excellent condition. Unit#950 and 946 are fully renovated recently, which could give an opportunity to raise the rent. Heat is electric baseboard, which is low maintenance and paid by tenants. Owner pays for snow removal, lawn, trash, water, and gas. Our long-term average for these utilities totals about $400/month. Coin laundry machines are included and generate approximately $150/month additional revenue.
Location
State MI
County Kent
Area Grand Rapids (41032)
Interior
Heating Baseboard
Exterior
Exterior Feature Brick, Wood
Parking Features Carport
Building
Lot Description Wooded
Structure Type Brick,Wood
Schools
School District Grand Rapids City School District
Others
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by City2Shore Real Estate Foundations