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Grand Rapids, MI, 49504 • Westside Connection • Kent County
22Beds
12Baths
0.6 acLot
1888Built
Character Home
Built 1888 · 138 years of history
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Listed 6 days ago · 353 views · 10 saves
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Multi Family · Built 1888 · Historic
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140, 000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Based on current rates
Est. 6.24% rate · 30yr fixed · $796,000 loan
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3 schools rated nearby
Grand Rapids, MI, 49504
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Grand Rapids, MI • Kent County
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