$280,000
Grand Rapids, MI 49503
MLS# 26042672
1 / 16
Property Description
Multi-unit investment property in Grand Rapids offering solid income-producing potential. This 2 unit building provides an excellent platform for ownership-focused buyers seeking diversified real estate assets. The configuration allows for multiple revenue streams while maintaining a single, manageable property. Positioned in Michigan's second-largest city, this holding delivers both practical utility and long-term appreciation prospects for discerning investors.
Details
Location & Property Info
Cross Streets: Beacon St.
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
On-Market Date: 2026-08-13
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 40x115
Financial Comments: 0 Pts/0 Reps
Road Frontage: 40
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Grand Rapids
Lot Measurement: Acres
Year Built: 1911
Tax Info
Taxable Value: 27631
SEV: 79300
For Tax Year: 2025
Seller's Annual Property Tax: 0
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: Res
Tax ID #: 41-13-36-334-021
Remarks & Misc
Public Remarks: Multi-unit investment property in Grand Rapids offering solid income-producing potential. This 2 unit building provides an excellent platform for ownership-focused buyers seeking diversified real estate assets. The configuration allows for multiple revenue streams while maintaining a single, manageable property. Positioned in Michigan's second-largest city, this holding delivers both practical utility and long-term appreciation prospects for discerning investors.
Legal: LOT 5 BLK 1* CAULFIELD S SUBDIVISION* OF CAULFIELD S SECOND ADDITION
Income and Expenses
Gross Op. Inc.: 11400
Street Type
Unpaved: 1
Util Avail at Street
None: 1
Utilities Attached
Electricity Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
None: 1
Exterior Material
Vinyl Siding: 1
Roofing
Other: 1
Heat Source
Electric: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Unpaved: 1
Substructure
Michigan Basement: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: lower
Occupied: No
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: upper
Occupied: No
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 945
Street Name: Sheridan
Suffix: Avenue
Post Direction: SW
State: MI
Zip Code: 49503
Zip (4): 5056
OfficeContract Info
Status: Active
Current Price: $280,000
List Price: $280,000
Listing Date: 2026-08-13
Property Features
Laundry Features: None
Exterior Material: Vinyl Siding
Roofing: Other
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected
Util Avail at Street: None
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Heat Source: Electric
Heat Type: Forced Air
Air Conditioning: None
Driveway: Unpaved
Street Type: Unpaved
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Coldwell Banker Woodland Schmidt
Listing Agent: JJ Lozano
Last Updated: September - 28 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.