3241 Marshall Avenue SE, Grand Rapids, MI 49508
$599,900 - Sold
- MLS#: 25060041
- Number of Units: 4
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1964
- Basement: No
- Air: Window Unit(s)
- Lot Size: 89x150x89x161
- Square Footage: 3,472
- Exterior: Brick
- Water: Public Water4
- Acreage: .30
- Heat: Radiant/Natural Gas
- PPN: 411317301009
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected
- Utilities Available at Street: Electricity Available,Natural Gas Available,Public Sewer,Public Water
- Extras: Carports
- Lot Description:
- Frontage/Type: 89 / Street, 0 / Water
- Terms: Cash, Conventional, FHA
- Original Price: $599,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: E off Eastern on 33rd To Marshall
- Property Description: Owner occupied or Investment Opportunity!Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Bys-New coin-operated laundry area-Fresh interior and exterior paint-Updated landscaping-New mailboxes & exterior security lighting-Full camera system covering outdoor areas and interior hallwaysThis is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer.Don't miss this chance to add a high-performing property to your portfolio!
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