3201 Marshall Avenue
Grand Rapids, MI 49508

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Description

Incredible all-brick income property located at the end of a quiet cul-de-sac, fully rented with long-term tenants and offering exceptional updates and strong investment potential. This solid multi-unit building features major mechanical upgrades completed in 2025, including a brand-new high-efficiency boiler, updated plumbing, and a new hot water heater -- all designed to reduce ongoing maintenance and lower utility costs (current gas bill averages approximately $150/month and water approximately $200/month). One of the units, 3201, has been fully remodeled with a brand-new kitchen, modern appliances, updated vinyl flooring, and fresh finishes throughout. This unit rents for $1,250/month and includes all utilities. The property offers excellent additional amenities, including a 5-stall garage, an extra storage shed, private backyard space, and basement storage rooms for tenants. There is also a coin-operated washer and dryer on-site, generating approximately $50/month in additional

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Coming Soon
• County/Area: Kent County
• Zip Code: 49508
• Year Built: 1966
• School District: Grand Rapids
• Units: 4 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 5
• Lot Size: 14810 sq ft lot
• Construction Materials: Brick
• Cooling: Wall Unit(s)
• Cross Street: Marshall Ave SE
• Directions: Eastern to 33rd, E on 33rd to Marshall
• Driveway: Paved
• Heat Source: Natural Gas
• Heat Type: Hot Water
• Heating: Hot Water
• Lot Size Area: 0.34
• Lot Size Square Feet: 14985
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Gas, Sewer, Trash Collection, Water
• Parcel Number: 41-18-17-301-005
• Parking Features: Paved
• Possession: Close Plus 30 Days
• Road Frontage: 81
• Road Surface Type: Paved
• SEV: 207100
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Legal Description: LOT 16 EX THE S 3 FT THEREOF* GREEN ACRES PLAT NO 1
• Tax Year: 2025
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3464
• Township: City of Grand Rapids
• Util Availat Street: Public Sewer
• Utilities: Natural Gas Connected
• Water Access: No
• Water Source: Public Water
• Zoning Description: RES