22
See all 22 photos
$599,900
Est. payment /mo
3,472 SqFt
Pending
3241 Marshall Avenue Grand Rapids, MI 49508
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $172
Subdivision Mi
MLS Listing ID 70506688
Year Built 1964
Annual Tax Amount $8,842
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 89x150x89x161
Property Sub-Type Multi-Family
Property Description
Owner occupied or Investment Opportunity!Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port-Fully updated Unit # 2-New front and back doors with enhanced security locks-Updated electrical systems-Updated common hallwa
Location
State MI
County Kent
Area Grand Rapids (41032)
Rooms
Basement Egress/Daylight Windows
Interior
Heating Radiant
Exterior
Exterior Feature Brick
Parking Features Carport
Building
Structure Type Brick
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by VJ Real Estate
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