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Jenn Smart

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1402 North , Grand Rapids, MI 49505
$350,000
Est. Payment: $1,823.90/mo
0 Bed
0 Bath
0 Sqft
Status: pending | Days on site: 160
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity.This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month.The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced(2026), adding additional value and peace of mind for the next owner.Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss

Highlights

Listed by Anthony Hernandez , Five Star Real Estate (Grandv) , (616) 257-1500. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Year Built

1890

County

Kent

Area

Grand Rapids (41032)

School District

Grand Rapids City School District

Listing ID

70519777

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Sidewalks
Lot Dimensions:44x49x25x49x19x99
Zoning:Residential
Principal Interest
$1,824
Taxes
$419

Home Price

$350,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,823.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,823.90 $419.17 $0.00 $2,243.07
Yearly $21,886.78 $5,030.00 $0.00 $26,916.78
Total $656,603.53 $150,900.00 $0.00 $807,503.53
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T01:10:54.300Z

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