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 lotoffers 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!
Property Details
Property Features
Property Information:
Year Built: 1887
Listing Office:
Office Name: RE/MAX of Grand Rapids (Wyomg)
Office Phone: (616) 261-3100
Listing Agent: Ashleigh VanDuinen-Leistra
Interior Features
Interior Information:
Basement: Yes
Interior: Cable Available
Lot Features
Lot Information:
Lot Size: 0.18 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Window Unit(s)
Other
Directions Information:
Directions: Stocking Ave to 4th St. East on 4th to McReynolds. North on McReynolds to home
Price Information
Listing Price Info
Price Summary:
List Price: $249,900
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Housing Market Comparison
See how this home compares to others in Grand Rapids, MI.
This property is $59.9K less than the Median Sold Price in Grand Rapids, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Regional Alliance of REALTORS®
MLS Number: #65024046088
Listing Office:
Office Name: RE/MAX of Grand Rapids (Wyomg)
Office Phone: (616) 261-3100
Listing Agent: Ashleigh VanDuinen-Leistra
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We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
4
/10
Stocking Elementary School
863 7th St NW
Distance between this listing and this school0.97 miles
Public District Grades PK-5
6
/10
Palmer School
309 Palmer St NE
Distance between this listing and this school1.31 miles
Public District Grades PK-5
2
/10
East Leonard Elementary School
410 Barnett St NE
Distance between this listing and this school1.56 miles
Public District Grades PK-5
Nearby Schools
2
/10
Harrison Park Academy
1440 Davis Ave NW
Distance between this listing and this school0.18 miles
Public District Grades PK-8
8
/10
Center for Economicology
1720 Plainfield Ave NE
Distance between this listing and this school1.37 miles
Public District Grades 6-6
4
/10
Riverside Middle School
265 Eleanor St NE
Distance between this listing and this school1.51 miles
Public District Grades 6-8
Nearby Schools
2
/10
Nextech High School
801 Broadway Ave NW
Distance between this listing and this school1.04 miles
Public Charter Grades 9-12
9
/10
City Middlehigh
1720 Plainfield Ave NE
Distance between this listing and this school1.37 miles
Public District Grades 7-12
5
/10
Ca Frost Environmental Science Academy Middle High School
1417 Covell Ave NW
Distance between this listing and this school1.63 miles
The neighbors living near this home have an average income of $37,744. Most Grand Rapids, MI residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 833 Mc Reynolds Ave NW in Grand Rapids, MI and zip code 49504 in the West Grand neighborhood. This home, which was built in 1887, sits on a 0.18 acre lot. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $249,900.
While more than 114 listings in Grand Rapids, MI in October 2024 were sold above asking price, there were more than 62 listings sold at asking price, and more than 124 were sold below. The number of homes for sale in Grand Rapids, MI increased by 8.6% between September 2024 and October 2024. In October 2024 median list price was $309,869 and the average listing age was 20 days.
From Rocket Homes Real Estate and based on county public records data.