Grand Rapids, MI 49503

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Description

Exceptional mixed-use investment opportunity in the heart of Grand Rapids! Located on the vibrant South Division Avenue corridor, this property offers two spacious apartments and two leased commercial spaces, delivering immediate, diversified cash flow with established tenants already in place. Street-level commercial units benefit from high visibility and strong foot traffic, while the generously sized residential units attract quality long-term tenants. Whether you're expanding your portfolio or seeking an owner-occupy opportunity, this property delivers prime urban positioning amid the continued growth and revitalization of downtown Grand Rapids. Don't miss your chance to own a piece of one of Michigan's most dynamic real estate markets! Opportunity to bump rents and make improvements to commercial spaces as well. This property requires a accepted LOI in order to show.Please do not contact or disrupt tenants.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49503
• Year Built: 1900
• School District: Grand Rapids
• Units: 4 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 4
• Construction Materials: Brick
• Cooling: Central Air
• Cross Street: Cherry and Division
• Directions: Take Cherry south to Division turn east on Division property has a blue garage door.
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air, Mini-Split
• Heating: Forced Air
• Laundry Features: Common Area
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 3703
• Lot Size Square Feet: 3703
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Water
• Ownership: Private Owned
• Possession: Close Of Escrow
• Road Frontage: 50
• Roof: Rubber
• SEV: 195500
• Sewer: Public Sewer
• Tax Annual Amount: 7058.41
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional, Tax Def Exchange
• Township: City of Grand Rapids
• Util Availat Street: High Speed Internet, Public Sewer, Public Water
• Utilities: Natural Gas Connected, Electricity Connected
• Water Source: Public Water
• Zoning Description: C07