Cross Streets: Eastern ave se
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Auction or For Sale: For Sale
List Price/SqFt: 172.78
New Construction: No
Lot Dimensions: 89x150x89x161
Financial Available: No
Road Frontage: 89
Cert of Compliance: Yes
Waterfront: No
Basement: No
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3472
Total Parking Spaces: 5
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 12937
Lot Acres: 0.3
Year Built: 1964
Taxable Value: 144800
SEV: 144800
For Tax Year: 2025
Seller's Annual Property Tax: 8842.51
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: R-3
Tax ID #: 411317301009
Public Remarks: 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 hallwa
Legal: LOT 12* GREEN ACRES PLAT NO 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Cash: 1
Conventional: 1
FHA: 1
Accessibility Features: No
Unit #: 1
Unit Description: upper
SqFt: 850
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit #: 2
Unit Description: upper
SqFt: 850
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 3
Unit Description: lower
SqFt: 800
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 4
Unit Description: lower
SqFt: 750
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
County: Kent
Street #: 3241
Street Name: Marshall
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49508
Area: Grand Rapids - G
Status: Pending
Current Price: $599,900
List Price: $599,900
Listing Date: 2025-11-27
Directions: E off Eastern on 33rd To Marshall
Under Contract Date: 2025-11-30
Exterior Material: Brick
Roofing: Composition
Substructure: Daylight
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Carports
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Radiant
Air Conditioning: Window Unit(s)
Driveway: Concrete
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator