HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 599,900
Est. payment /mo
Pending
3241 Marshall AVE SE Grand Rapids, MI 49508
3,472 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $172
MLS Listing ID 65025060041
Year Built 1964
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type MultiFamily
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: Brand new roofs on both the main building and garage port-Fully updated Unit # 2-New front and back doors with enhanced security locks-Updated electrical systems-Updated common hallways
-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 hallways
This 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!
-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 hallways
This 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!
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement Daylight
Interior
Heating NaturalGas, Radiant
Cooling WindowUnits
Fireplace No
Exterior
Parking Features Concrete, Carport
Utilities Available ElectricityConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer PublicSewer, SewerAtStreet
Water Public
New Construction No
Schools
High Schools Grandrapids
School District Grandrapids
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Listed by Vung L Mang of VJ Real Estate