1230-1246 Alpine Avenue NW, Grand Rapids, MI 49504
$900,001 - Sold
- MLS#: 26013335
- Number of Units: 13
- Type: 5+ Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
About West Grand
West Grand and its neighbor, Westside Connection, occupy the NW corner of the City of Grand Rapids. West Grand is beloved by its residents and they are quick to proclaim that 'the West Side is the Best Side!' The area is known for its working-class attitude, rich European traditions, and resilience. The business district offers a great selection of pubs, restaurants, and specialty shops. Residents of this community enjoy activities ranging from pond hockey at Richmond Park and all-you-can-eat breakfasts at Kosciuszko Hall in the winter months to shopping for farm-fresh produce at the West Grand Farmer's Market in the spring, summer, and autumn months.
- Year Built: 1888
- Basement: Yes
- Air: None
- Lot Size: 194x134
- Square Footage: 10,507
- Exterior: Vinyl Siding, Other22
- Water: Public Water4
- Acreage: .60
- Heat: Forced Air/Natural Gas
- PPN: 41-13-13-356-009 --012
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Natural Gas Connected
- Utilities Available at Street: Electricity Available,Natural Gas Available,Phone Available,Public Sewer,Public Water
- Extras: None
- Lot Description: Level,Sidewalk
- Frontage/Type: 194 / Street, 0 / Water
- Terms: Cash, Other27
- Original Price: $995,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions:
- Property Description: High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand RapidsRare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
The properties on this website are generated from the Broker Reciprocity Program of the MLS Exchange, Inc. Copyright 2024 MLS Exchange, Inc. All rights reserved.