3241 Marshall Avenue SE Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49508
Key Details
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Active
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $184
Subdivision Green Acres #1
MLS Listing ID 20251010448
Style Common Entry Building
Bedrooms 4
Full Baths 4
Year Built 1964
Annual Tax Amount $8,614
Lot Size 0.300 Acres
Property Sub-Type Common Entry Building
Property Description
Fantastic Investment Opportunity! This well-maintained apartment building features three fully turnkey 2-bedroom, 1-bath units each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. All units are consistently occupied with month-to-month leases, providing excellent income and flexibility for future ownership. Tenants pay their own electric.
Recent 2024 updates include a brand new roof on both the main building and garage port, a fully remodeled Unit 2, new front and back doors with security locks, updated electrical, freshly renovated common hallways, and the addition of a coin-operated laundry area. The entire property has been freshly painted inside and out, with upgraded landscaping, new mailboxes, exterior security lighting, and a full camera system covering outdoor areas and interior hallways. All units will be made available for inspection after an accepted offer.
Location
State MI
County Kent
Area Grand Rapids
Zoning Multi-Family
Interior
Heating Baseboard
Laundry 1
Exterior
Garage Spaces 5.0
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Grand Rapids
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional