1043 Bridge Street
Grand Rapids, MI 49504

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Description

Welcome to 1043 Bridge St NW, located in one of Grand Rapids' fastest-growing development corridors. This well-maintained duplex is ideal for investors, owner-occupants, or those looking for a flexible opportunity. Professionally managed for approximately 8 years, the property features a 3-bedroom lower unit and a 2-bedroom upper unit. The lower unit is currently rented at $1,375/month with room for increased rents; the tenant plans to vacate within 45 days, creating a strong value-add opportunity. The upper unit is vacant and move-in ready. Major improvements include a newer roof and porch (within the last 5 years), along with vinyl siding and replacement windows, helping reduce future capital expenditures. 24-hour notice required for lower unit showings; easy access to upper. Property management can remain in place making this a truely turn key opportunity. Highest and best due April 28 by 11am.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49504
• Year Built: 1890
• School District: Grand Rapids
• Units: 2 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 3
• Lot Size: 4400 sq ft lot
• Annual Utilities: 805
• Construction Materials: Vinyl Siding
• Cross Street: Lane
• Directions: Lane to Bridge, west on Bridge to home
• Driveway: Unpaved
• Gross Income: 15900
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Insurance Expense: 877
• Lot Size Area: 0.1
• Lot Size Square Feet: 4400
• Lot Size Units: Acres
• Main Type: Multi Family
• Maintenance Expense: 893
• Manager Expense: 649
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Operating Expense: 4740
• Owner Pays: Water
• Ownership: Private Owned
• Parcel Number: 41-13-23-458-030
• Parking Features: Unpaved
• Possession: Close Of Escrow
• Road Frontage: 40
• Road Surface Type: Paved
• Roof: Composition
• SEV: 128600
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE2NTM1IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTIwVDE3OjEyOjE0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.nBWZKrnR4R1JJI3inyLxR74RQxC8iLvAGJCFEszisHg/badge
• Street Type: Paved
• Tax Annual Amount: 2504
• Tax Legal Description: LOT 34* BARKER & VEDDER S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional, FHA, VA Loan
• Total Approx Sq Ft All Bldgs: 1963
• Township: City of Grand Rapids
• Util Availat Street: Cable Available
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available
• Water Source: Public Water