2 months on rocket

833 Mc Reynolds Ave NW, Grand Rapids, MI, 49504

$249,900

Home List Price

$2,968*

Closing Credit

0 Baths
Multi

Location

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833 Mc Reynolds Ave NW, Grand Rapids$249,900

Buyer Closing Credits

$2,968*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1887
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #65024046088
Lot Size0.18 Acres
StatusActive

About 833 Mc Reynolds Ave NW

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.

Med. Sold Price

$309.8K

Med. Price/SqFt

$232

Avg. Days On Market

20

# of Sold Homes

301

833 Mc Reynolds Ave NW vs Grand Rapids

80 DAYS ON ROCKET

+60 Days

$249,900

-$59.9K Less

KEY TAKEAWAY

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

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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NMLS#3030

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.

Nearby Schools

school-card-donut-807923
4
/10
  • Stocking Elementary School

  • 863 7th St NW

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-807924
6
/10
  • Palmer School

  • 309 Palmer St NE

  • 1.31 miles

  • Public District Grades PK-5

school-card-donut-807925
2
/10
  • East Leonard Elementary School

  • 410 Barnett St NE

  • 1.56 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket HomesMichiganKent CountyGrand Rapids49504833 Mc Reynolds Ave NW

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.

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