Grand Rapids, MI 49508,3241 Marshall Avenue
Grand Rapids, MI 49508,3241 Marshall Avenue
Grand Rapids, MI 49508,3241 Marshall Avenue
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$599,900
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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


MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by VJ Real Estate

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Morgan Beilfuss

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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3241 Marshall Avenue