$650,000

Open House Sat, Oct 3, 12-2 PM. No private showings. Fully leased 1982 4-unit on a private drive in NE Grand Rapids. Three neighboring 4-units on the drive are also for sale (16 units total!). Buy multiple and control the drive for potential ADUs, condo conversion, or a scaled long-term hold. Three units are month-to-month, giving room to reposition. Four 2BR/1BA units, approx. 900 sq ft each. Every unit has in-unit washer/dryer and its own furnace, water heater, and central AC. Tenants pay electric and gas; owner pays water, sewer, trash, lawn, and snow. Solid surface floors, one-piece tub/showers, and French doors to private decks (upper) or patios (lower). Lower units include dishwashers. Updates: 4 new AC units, new furnace, new water heater, one unit fully repainted, and overhanging trees removed from roofline. Unit rents shown are HUD FY2026 Fair Market Rent for a GR-area 2BR. Actual rents are below FMR, leaving room to grow income. Buyer to verify zoning for ADU/condo plans. Owning two or more buildings on the drive consolidates management, maintenance, and snow removal on one site. Unit layout: two lower and two upper units, each with a living room and dining area.

1. RelistedSep 28, 2026

   $650,000