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Katie Wright

kawrealty@gmail.com +1(248) 403-3182

$ 610,000

Est. payment -/mo

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Active

3201 Marshall Avenue SE Grand Rapids, MI 49508

4 Beds

0.34 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025037907

Bedrooms 4

Year Built 1966

Annual Tax Amount $7,462

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 81X185

Source Greater Regional Alliance of REALTORS®

Property Description

Incredible all-brick income property located at the end of a quiet cul-de-sac, fully rented with long-term tenants and offering exceptional updates and investment potential. This solid multi-unit building features major mechanical upgrades completed in 2024, including a brand new high-efficiency boiler, updated plumbing, and a new hot water heater -- all designed to reduce ongoing maintenance and lower utility costs (current gas bill is only $150/month). 9Water 200 per month)One of the units, 3201, has been fully remodeled with a brand new kitchen, modern appliances, updated vinyl flooring, and fresh finishes throughout. It rents for $1,250/month and includes all utilities. The property also offers excellent amenities such as a 5-stall garage, additional storage shed, coin-operated laundrygenerating approximately $50/month, and a private backyard space. Tenants enjoy comfortable layouts, inviting vinyl flooring, a charming front porch, and basement storage rooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property provides flexibility, stability, and strong income. high-performing property in a desirable location. All major systems have been recently upgraded, offering peace of mind and reduced operating costs. This is truly a turn-key investment that shows pride of ownership and consistent cash flow. Don't miss your chance to own a clean, updated building with great tenants, strong rental income, and excellent long-term potential

Location

State MI

County Kent

Area Grand Rapids

Zoning Residential

Direction Eastern to 33rd, E on 33rd to Marshall

Interior

Heating Hot Water

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Road Frontage Paved

Garage no

Private Pool No

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Structure Type Brick

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411817301005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Javier Rodriguez of Lake Michigan Realty Mgmt

Katie Wright

Broker Associate | License ID: 387021

+1(248) 403-3182

Katie Wright

3201 Marshall Avenue SE Grand Rapids, MI 49508

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3201 Marshall Avenue SE