Courtesy of Edison Brokers & Co LLC, Mitchell Luban

1340 Plainfield Avenue NE, Grand Rapids, Michigan, 49505

$315,000
0.14 Acres
5 bd
#26043692
Unlock instant equity and strong cash flow at 1340 Plainfield Ave NE! Whether you are seeking a lucrative house-hack to live nearly rent-free or adding a high-performing asset to your portfolio, this versatile triplex delivers on all fronts. Newly Renovated & Vacant Units: Units 1 and 2 have been freshly updated from top to bottom. Intentionally left vacant for the sale, they are completely move-in ready for an owner-occupant or immediate market-rate tenant placement. Low Landlord Overhead: Split utilities put the power bills on the tenants, maximizing your net operating income. High-Demand Amenities: Features on-site laundry—a premier driver for tenant retention and premium rental rates in this corridor. Prime Location: Situated in the vibrant Creston neighborhood, tenants will love being minutes from local dining, parks, and quick access to Downtown Grand Rapids and major highways. Units 1,2, & common space available to tour anytime. Unit 3 only available after accepted offer. Please view photos which were just taken and floor plans.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Total: 2
  • Zoning Description : Residential
  • Heating on Property:
  • Heating : Natural Gas, Forced Air, Wall Furnace
  • Construction Materials: Wood Siding
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
  • Laundry Features : Common Area
PROPERTY DETAILS
ID: 26043692
Status: Pending Sale
Price: $315,000
Acres: 0.14 Acres
Price Per Acre: $2,250,000
Type: Multi-family
Address: 1340 Plainfield Avenue NE
City, State: Grand Rapids, Michigan
County: Kent
Zip Code: 49505
Lat/Long: 42.987516, -85.665158
Presented By: Mitchell Luban
Phone:
Email: Click to Contact