1403 Turner Avenue Nw, Grand Rapids, MI 49504
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1403 Turner Avenue Nw,Grand Rapids, MI 49504
$199,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:april moayyer
Office:moayyer real estate
MLS#:25012461
Source:MI_GRAR
Price summary
- Price:$199,000
About this home
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 this solid investment opportunity in a growing market! Back on market due to buyer financing.
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Home facts
- Year built:1905
- Listing Id #:25012461
- Added:140 day(s) ago
- Updated:August 18, 2025 at 07:47 AM
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Year built:1905
- Lot area:0.06 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$199,000
- Tax amount:$1,435 (2024)
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