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Barb Lafage

barb@realtorsinmichigan.com +1(248) 619-4746

$599,000

Est. payment - /mo

4,285 SqFt

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 4,285 sqft

Price per Sqft $139

MLS Listing ID 65026054324

Year Built 1888

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type MultiFamily

Property Description

Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!

Location

State MI

County Kent

Area Area41142Grandrapids

Interior

Heating Forced Air, Natural Gas, Space Heater

Fireplace No

Laundry None

Exterior

Parking Features Asphalt, Gravel

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected

View Y/N No

Roof Type Rubber

Building

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition Standard

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Listed by Kyle P Naumann of Edison Brokers & Co LLC

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Barb Lafage

+1(248) 619-4746

Agent License ID: 429252

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1230 Alpine AVE NW City Of Grand Rapids, MI 49504

Barb Lafage

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1230 Alpine AVE NW