3241 Marshall AVE SE, Grand Rapids, MI 49508 - MLS#65025060041

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$599,900

Est. payment - /mo

3,472 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,472 sqft

Price per Sqft $172

MLS Listing ID 65025060041

Year Built 1964

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type MultiFamily

Property Description

Owner occupied or Investment Opportunity!Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port-Fully updated Unit # 2-New front and back doors with enhanced security locks-Updated electrical systems-Updated common hallways
-New coin-operated laundry area
-Fresh interior and exterior paint
-Updated landscaping
-New mailboxes & exterior security lighting
-Full camera system covering outdoor areas and interior hallways
This is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer.
Don't miss this chance to add a high-performing property to your portfolio!

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Daylight

Interior

Heating NaturalGas, Radiant

Cooling WindowUnits

Exterior

Parking Features Concrete, Carport

Utilities Available ElectricityConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Sewer PublicSewer, SewerAtStreet

Water Public

New Construction No

Schools

High Schools Grandrapids

School District Grandrapids

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

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Listed by Vung L Mang of VJ Real Estate

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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3241 Marshall AVE SE Grand Rapids, MI 49508

Jason Miller

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information