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1403 Turner Avenue NW Grand Rapids, MI 49504
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Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65025012461
Sold Date 09/08/25
Bedrooms 2
Year Built 1905
Annual Tax Amount $1,435
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 33 x 75
Source Greater Regional Alliance of REALTORS®
Property Description
Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer--making for a low-maintenance investment.The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants.With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss thissolid investment opportunity in a growing market! Back on market due to buyer financing.
Location
State MI
County Kent
Area Grand Rapids
Zoning Other
Direction Webster to Turner and turn south
Interior
Interior Features Laundry Facility
Heating Baseboard, Forced Air
Fireplace no
Heat Source Electric
Laundry 1
Exterior
Roof Type Composition
Road Frontage Paved, Pub. Sidewalk
Garage no
Private Pool No
Building
Foundation Michigan Basement
Sewer Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411313402013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Keller Williams Realty Rivertown
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