Property Type:
Multi Family
Lot Size (sq. ft.):
26,136
Status:
Active
Current Price:
$995,000
List Date:
4/03/2026
Last Modified:
4/03/2026
Overview
Description
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand RapidsRare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey 'workforce housing' play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Last Updated: April - 03 - 2026
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