MI
Kent
Grand Rapids City
49508
3241 Marshall SE Avenue
3241 Marshall SE Avenue, Grand Rapids City, MI 49508
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Listing Type
Multi Family
Listing Status
Pending
22
$599,900

Home Details for 3241 Marshall SE Avenue

Price
$599,900
Type
Residential Income
Bedrooms
7
Bathrooms
Square feet
NaN
Year built
1964
Lot size acres
0.3
County
Kent
Garage
Basement
Walk-Out Access, Daylight
Days on site
12
MLS Listing#
65025060041
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!

Property Features
  • Utilities
    • Electricity Connected
    • Sewer Connected
    • Sewer Available
  • Heating Information
    • Natural Gas
    • Radiant
  • Parking
    • Concrete
    • Carport
  • Basement
    • Walk-Out Access
    • Daylight
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
Listing Courtesy: VJ Real Estate - 616-485-8138
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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