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$ 350,000
Est. payment /mo
Active
1012 Prospect AVE SE Grand Rapids, MI 49507
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025061399
Year Built 1900
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type MultiFamily
Property Description
Investment Opportunity in Grand Rapids!Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.
Location
State MI
County Kent
Area Area41142Grandrapids
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Rubber
Building
Foundation MichiganBasement
Sewer PublicSewer, SewerAtStreet
Water Public
New Construction No
Schools
High Schools Grandrapids
School District Grandrapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2025 Realcomp II Ltd. Shareholders
Listed by Tedros T Fremichael of Grand River Realty
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