MI > Kent > Grand Rapids > 833 Mc Reynolds Avenue Nw

$249,900

Reduced ($15,000) on 10/08/2024

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  • 2 Units
  • MLS# 24046088
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248-304-6700

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248-208-3883

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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 lot offers 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 Information

Status
Active 
Address
833 Mc Reynolds Avenue Nw 
City
Grand Rapids 
Zip
49504 
Year Built
1887 
Possession
Close Of Escrow 
County
Kent 
Total No of Units

School Information

School District
Grand Rapids 

Taxes

Taxes
$1,827 

Rooms and Land

Lot Dimensions
66x122 
Total Acres
0.18 

Features

Basement
Michigan Basement 
Cooling
Window Unit(s) 
Heating
Forced Air 

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years
annual
annual

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  • Market Statistics
  • Property History
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
24046088 Oct 8 2024 1:01PM $249,900 $264,900 42
24046088 Sep 23 2024 3:27PM $264,900 $274,900 42
24046088 Active Sep 3 2024 10:59AM $274,900 42
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Re/Max Of Grand Rapids (wyomg)
Office Address 5651 Byron Center Sw, Ste 200
Listing Agent Ashleigh Vanduinen-Leistra

833 Mc Reynolds Avenue Nw Grand Rapids
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$249,900
For Sale • No. of Units: 2