$360,000
Active

1402 North Avenue NE

Grand Rapids, MI 49505

Description

Rare investment opportunity in Grand Rapids! This income-producing property includes a fully renovated single-family home (1404) and a duplex (1402) on one parcel—ideal for investors or owner-occupants looking to house hack. The single-family home was renovated to the studs in 2022 and features stainless steel appliances, new HVAC, central air, updated electrical, plumbing, and windows. Currently rented at $1,300/month (below market).
The duplex includes a 2 bed/2 bath lower unit ($900/month) and a 1 bed/1 bath upper unit ($900/month), generating $1,800/month combined. Total monthly rent: $3,100.
Don't miss this unique chance to own a fully leased, low-maintenance property with

  • Property Details
      • Utility FeaturesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
      • BasementCrawl Space, Full
      • Sewer InformationPublic Sewer
      • School DistrictGrand Rapids
      • Property Subtype2 to 4 Units
      • Lot DescriptionSidewalk
      • Original List Price$360,000
      • MLS #25021916
      • MLS #25021916
      • Cost360000
      • Year Built1890
      • CountyKent
      • Days on Market (Cumulative)2

Location

Suzanne Sloan | Five Star Real EstateReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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