50
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$900,001
$995,000 9.5%
Est. payment /mo
0.6 Acres Lot
Sold on 06/09/2026
1230-1246 Alpine NW Avenue Grand Rapids, MI 49504
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Key Details
Sold Price $900,001
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 26013335
Year Built 1888
Annual Tax Amount $12,404
Tax Year 2024
Lot Size 0.600 Acres
Property Sub-Type 5+ Units
Property Description
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids
Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Location
State MI
County Kent
Interior
Heating Forced Air
Exterior
Parking Features Paved, Unpaved
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected
View Y/N No
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding,Other
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by EXP Realty (Grand Rapids)
Bought with Edison Brokers & Co LLC
Bought with Edison Brokers & Co LLC
NEARBY SCHOOL & BUSINESS
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