$360,000

1402 North is a $360,000 home on a 0.01 acre lot located in Grand Rapids, MI.
A rare opportunity, this property offers 3 units: a duplex and a fully renovated single-family property. Availability to increase rent and collect long-term passive income.1404, the single-family, was fully renovated to the studs in 2022 and features all brand new stainless steel appliances, new HVAC and central air, fully updated electrical, plumbing, and windows. Current rent is below market at $1550 a month.1402, the duplex, is an up-and-down unit. The lower unit is a 2 bed 2 bath, and the upper is a 1 bed 1 bath unit. Potential to increase rents here as well. rent totals for all 3 units is $3,400 per month Shared laundry hook ups off the back of 1402.
Basement | Foundation Type - Basement |
Heating Types | Heat/Fuel Type - Natural Gas Forced Air |
Exterior Features | Association/Landlord Pays (Multi-Family) - Electric Association/Landlord Pays (Multi-Family) - Gas Association/Landlord Pays (Multi-Family) - Water/Sewer |
Construction Types | Vinyl Siding |
Land Type | Zoning - Residential |
Water Source | Public Water |
Sewer | Public Sanitary |
Property Type | Income |
Property Sub Type | Multi-Family |
Style Characteristics | For Sale |
Year Built | 1890 |
Taxes | $2,359.00 |
County | kent |
School District | grand rapids city school district |
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Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Orgininating MLS shown on the property listing, and the Originating MLS.
The information published and dissemenated by the Origninating MLS is communitated verbatim, without changes by the Originiating MLS, as filed by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2023 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders affiliates and licenses and may not be reproduced or transmitted in any form or by any means, electronic, mechanical, including photocopy, recording, scanning, or any information storage and retreival system, without written permission from MiRealSource, Inc.