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1403 Turner NW Avenue Grand Rapids, MI 49504
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Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 25012461
Sold Date 09/08/25
Year Built 1905
Annual Tax Amount $1,435
Tax Year 2024
Lot Size 2,483 Sqft
Acres 0.06
Lot Dimensions 33 x 75
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer—making for a low-maintenance investment.
The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants.
With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing. solid investment opportunity in a growing market! Back on market due to buyer financing.
Location
State MI
County Kent
Area Grand Rapids - G
Direction Webster to Turner and turn south
Rooms
Basement Michigan Basement
Interior
Heating Baseboard, Forced Air
Fireplaces Number 1
Laundry In Basement
Exterior
Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-13-402-013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Keller Williams Realty Rivertown