Residential Land for Sale in Grand Rapids, Michigan
833 Mc Reynolds Ave NW Grand Rapids, MI 49504
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
- County
- Kent County
- Community
- Grand Rapids - G
- School District
- Grand Rapids
- Elevation
- 614 feet
- MLS Number
- GRAR 24046088
- Date Posted
Legal description
LOT 15 BLK 12* L G MASON & CO S SUB* OF W 1/2 OF NW 1/4 OF SECTION 24 T 7 N R 12 W
Parcels
- 41-13-24-155-018
Property taxes
- 2023
- $1,827
Detailed attributes
Listing
- Type
- Residential Multi Family
- Franchise
- RE/MAX International
Structure
- Unit Count
- 2
- Materials
- Wood Siding
- Cooling
- Window Unit(s) A/C
- Heating
- Forced Air
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Oct 7, 2024 | Price drop | $249,900 | $15,000 -5.7% | GRAR |
Sept 22, 2024 | Price drop | $264,900 | $10,000 -3.6% | GRAR |
Sept 2, 2024 | New listing | $274,900 | — | GRAR |