Grand Rapids, MI 49504 833 Mc Reynolds Avenue NW
$249,900
14 more
Presented By: Ashleigh VanDuinen-Leistra at RE/MAX of Grand Rapids (Wyomg) - (616) 261-3100
Home Details
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!
Presented By: Ashleigh VanDuinen-Leistra at RE/MAX of Grand Rapids (Wyomg) - (616) 261-3100
Interior Features for 833 Mc Reynolds Avenue NW
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Total Fireplaces1
General for 833 Mc Reynolds Avenue NW
Additional Parcels Y/NNo
CityGrand Rapids
Construction MaterialsWood Siding
CoolingWindow Unit(s)
CountyKent
DirectionsStocking Ave to 4th St. East on 4th to McReynolds. North on McReynolds to home
Electric On Property Y/NNo
HeatingForced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 15 BLK 12* L G MASON & CO S SUB* OF W 1/2 OF NW 1/4 OF SECTION 24 T 7 N R 12 W
Lot Size Square Feet8052.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2024-10-08T17:26:47Z
New ConstructionNo
NumberOfUnitsTotal2
Occupancy TypeTenant
OwnerPaysWater, Sewer
PossessionClose Of Escrow
Property SubType2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1827.1
Tax Assessed Value33608
Tax Year2023
Tenant PaysElectric, Trash Collection, Gas
TermsCash, Conventional
TownshipCity of Grand Rapids
UtilitiesNatural Gas Available, Cable Available, Electricity Connected
Waterfront Y/NNo
Year Built1887
Zoning DescriptionNone
Exterior for 833 Mc Reynolds Avenue NW
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions66x122
Lot Size Acres0.18
Lot Size Area0.18
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking2.0