$1,095,000
522 Michigan Street NE, Grand Rapids, MI 49503
0 baths
- Lot
- 0.26 acres
- Built
- 1890
- Type
- 5+ Units
- On market
- 6 days
DescriptionShowHide
DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.
Facts & features
Interior2
- Bathrooms
- 0
- Basement
- Full
Heating, cooling & utilities4
- Heating
- Radiant
- Cooling / AC
- None
- Sewer
- Public Sewer
- Utilities
- Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Exterior & construction4
- Lot size
- 0.26 acres
- Lot features
- Sidewalk
- Construction
- Vinyl Siding, Wood Siding
- Year built
- 1890
Property details7
- Type
- OTHER
- Sub-type
- 5+ Units
- County
- Kent
- Parcel #
- 41-14-30-202-008
- Days on market
- 6
- MLS #
- 26042669
- Status
- Active
District: Grand Rapids
No individual schools were listed for this home.
Assigned schools as entered by the listing agent. Attendance boundaries change — confirm with the district before relying on this.
Price & tax historyShowHide
- No recorded history for this property.
Listing courtesy of Five Star Real Estate (Walker) · Vito (Jr.) E Dolci
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