522 Michigan Street, Grand Rapids, MI 49503-5705
522 Michigan Street, Grand Rapids, MI 49503-5705
522 Michigan Street, Grand Rapids, MI 49503-5705
522 Michigan Street, Grand Rapids, MI 49503-5705
522 Michigan Street, Grand Rapids, MI 49503-5705
522 Michigan Street, Grand Rapids, MI 49503-5705
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David Godin

David Godin

+1(586) 416-0600
$ 1,095,000
Est. payment | /mo

5,432 SqFt

Save
$ 1,095,000
Est. payment | /mo
Save

5,432 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,432 sqft

Price per Sqft $201

Subdivision Mi

MLS Listing ID 70552333

Year Built 1890

Annual Tax Amount $6,795

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 75 x 185

Property Sub-Type Multi-Family

Property Description

DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.

Location

State MI

County Kent

Area Grand Rapids (41032)

Zoning Multi-Family

Interior

Heating Radiant

Cooling None

Exterior

Exterior Feature Vinyl Siding, Wood

Building

Lot Description Sidewalks

Foundation Basement

Structure Type Vinyl Siding,Wood

Schools

School District Grand Rapids City School District

Others

Energy Description Natural Gas

Financing Cash

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate (Walker)

Schools and Properties Nearby

David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI 48084, USA

Learn More About LPT Realty

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522 Michigan Street