1230-1246 Alpine NW Avenue Grand Rapids, MI 49504
0.6 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Pending
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 26013335
Year Built 1888
Annual Tax Amount $12,404
Tax Year 2024
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 194x134
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property Description
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.
Location
State MI
County Kent
Rooms
Basement Full, Other
Interior
Heating Forced Air
Exterior
Parking Features Paved, Unpaved
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected
View Y/N No
Street Surface Paved
Total Parking Spaces 13
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding,Other
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-13-356-009 --012
Acceptable Financing Cash
Listing Terms Cash
NEARBY SCHOOLS & PROPERTIES