1402 North Avenue
Grand Rapids, MI 49505

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Description

Explore this versatile investment property in Grand Rapids. This parcel includes a duplex and a fully renovated single-family home. The single-family unit was taken to the studs in 2022, offering new HVAC, central air, updated electrical, plumbing, stainless steel appliance and windows. Currently vacant, it's perfect for an owner-occupant. The duplex is fully rented and includes a 2 bed/2 bath lower unit ($900/month) and a 1 bed/1 bath upper unit ($900/month). Don't miss this unique opportunity. It's an opportunity to live in a modernized home while leveraging rental income. SELLER IS REPLACING THE ROOF ON THE DUPLEX. Don't miss out on this Grand Rapids real estate opportunity!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49505
• Year Built: 1890
• School District: Grand Rapids
• Units: 3 units
• Basement: Crawl Space, Full, Yes, Yes
• Construction Materials: Vinyl Siding
• Cross Street: Fernando and Spencer
• Directions: North of Leonard to North St.
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: Laundry Room
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 2
• Number Of Diff Unit Floor Plans: 3
• Owner Pays: Water
• Parcel Number: 41-14-18-451-002
• Possession: Close Of Escrow
• Road Frontage: 44.87
• Roof: Composition
• SEV: 129500
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDEwMDk3IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTA3VDEyOjM5OjUyLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.EWieQMM1EfqwCG9oU1tfd3O5Suxa4C194LC7EO4iZ_I/badge
• Spec Assessment Ty: No
• Street Type: Public
• Tax Annual Amount: 5030
• Tax Legal Description: S 44.87 FT OF LOT 1 BLK 2 & S 19.87 FT OF LOT 2 BLK 2* PAGE S SUBDIVISION* OF BLOCKS 16 & 17 STEWART & IVES ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional, FHA, VA Loan
• Township: City of Grand Rapids
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
• Water Source: Public Water
• Zoning Description: Res improved