437 Union Avenue SE, Grand Rapids, Michigan, 49503
0.14 Acres
4 bd
2 ba
#26056954
Don't miss this fantastic opportunity to own a charming historic home just a one-minute walk from vibrant Wealthy Street and all its shops, restaurants, and neighborhood attractions! This well-maintained two-unit property offers a great investment opportunity with $3,175 in monthly gross rental income. The lower unit has been occupied by the same tenants for four years, while the upper unit was recently leased. Both leases run through July 2027. Updates throughout both units, separate furnaces and water heaters located in the common basement, and split utilities add to the property's appeal. A rear garage and two available parking spaces provide added convenience. Whether you're looking to expand your investment portfolio or eventually make one unit your own, this property offers historic charm, a desirable location, and excellent rental potential in one of Grand Rapids' most sought-after neighborhoods! *Note pictures were taken when vacant. Professional property management available.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Paved
- Parking Total: 4
- Garage on Property:
- Zoning Description : RMHH2_RES MULTI
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Wood Siding
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
- Laundry Features : In Basement
PROPERTY DETAILS
ID: 26056954
Status: Active
Price: $399,900
Acres: 0.14 Acres
Price Per Acre: $2,856,429
Type: Multi-family
Address: 437 Union Avenue SE
City, State: Grand Rapids, Michigan
County: Kent
Zip Code: 49503
Lat/Long: 42.954575, -85.654505
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