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4240 Norman SE Drive Grand Rapids, MI 49508
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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25013671
Year Built 1972
Annual Tax Amount $7,590
Tax Year 2024
Lot Size 0.275 Acres
Property Sub-Type 2 to 4 Units
Property Description
Check out this fully renovated 4-unit property in Grand Rapids with strong cash flow. Each unit offers 2 beds, 1 bath, and approx. 774 sq ft. Updates in 2022 include new kitchens, baths, appliances, flooring, paint, lighting, 3 new HVAC systems, water heaters, sliding doors, and decks. The property also features shared digital laundry by wash.com, 8 parking spaces, and a storage shed. This property is fully occupied with current gross rents of $5,270.00/month. Owner covers lawn care, snow, gas, water/sewer, and common utilities. Seller is open to creative offers with 25% down and a 2-3 year balloon. Rent roll and T12 are available with a signed confidentiality agreement. Showings after accepted offer. Contact Brett with any interest or for more information.
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Laundry Common Area
Exterior
Parking Features Asphalt, Driveway
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Aluminum Siding,Brick
New Construction No
New Construction No
Schools
School District Kentwood
Others
Acceptable Financing VA Loan, FHA, Cash, Conventional, Contract
Listing Terms VA Loan, FHA, Cash, Conventional, Contract
Read Less
Bought with Five Star Real Estate (Grandv)
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Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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