Residential Land for Sale in Grand Rapids, Michigan

833 Mc Reynolds Ave NW Grand Rapids, MI 49504

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$249,900
0.18 acres
Active sale$15k dropEst $1,943/mo

This prime investment opportunity in the heart of Grand Rapids offers a 2-unit, income-producing multi-family property situated on a large lot with potential for future development. Located just a short walk from Bridge St Market and some of the city's most popular bars and restaurants, this property is perfect for both investors and owner-occupants. The first unit is a spacious and updated 3-bedroom, 1-bathroom space that is vacant and move-in ready. Unit 1offers the perfect opportunity for an owner occupant to purchase the property and use the income from unit 2 to help offset their mortgage payment with rental income from unit 2. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is currently occupied by a long-term tenant, offering consistent rental income. The large lot offers potential to be split into two lots, presenting future development opportunities. To respect the privacy of the tenant in Unit 2, showings will be available only for Unit 1, with a video tour of Unit 2 available upon request. Once the property is under contract, an in-person tour of Unit 2 can be arranged. This is a fantastic opportunity to invest in one of Grand Rapids' up and coming neighborhoods! Check it out today!

Directions

Stocking Ave to 4th St. East on 4th to McReynolds. North on McReynolds to home

Property details

Coordinates
42.979, -85.687
Community
Grand Rapids - G
School District
Grand Rapids
Elevation
614 feet
MLS Number
GRAR 24046088
Date Posted

Legal description

Parcels

  • 41-13-24-155-018

Property taxes

2023
$1,827

This 0.18-acre property is located at 833 Mc Reynolds Ave NW in Grand Rapids, MI 49504 with latitude 42.979 and longitude -85.687. The property is currently available for sale for $249,900 with a price per acre of $1,388,333. Listing data is sourced from Grand Rapids Association of Realtors # 24046088.

Verify sale details at the property source or contact RE/MAX of Grand Rapids at (616) 325-2960.

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Updated . Checked 1 hour ago. Parcel data by Regrid.

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