1012 Prospect Avenue
Grand Rapids, MI 49507

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Description

Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49507
• Year Built: 1900
• School District: Grand Rapids
• Units: 4 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 6447 sq ft lot
• Construction Materials: Shingle Siding, Other
• Cross Street: Delaware & Prospect
• Driveway: Paved
• Extras: Sep Electric Meter, Sep Gas Meter
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Size Area: 0.15
• Lot Size Square Feet: 6447
• Lot Size Units: Square Feet
• MLS Area Major: Grand Rapids - G
• MLS Area Minor: Grand Rapids - G
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Sewer, Water
• Parcel Number: 41-14-31-379-004
• Parking Features: Paved
• Possession: Close Of Escrow
• Road Frontage: 46
• Road Surface Type: Paved
• Roof: Rubber
• SEV: 171900
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Street Type: Paved
• Tax Annual Amount: 4024.97
• Tax Legal Description: LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional
• Township: City of Grand Rapids
• Util Availat Street: Electricity Available, Natural Gas Available, Public Sewer, Public Water
• Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
• Water Access: No
• Water Source: Public Water
• Zoning Description: RES