1403 Turner Avenue Nw, Grand Rapids, MI 49504

Local realty services provided by:Better Homes and Gardens Real Estate Connections
1403 Turner Avenue Nw,Grand Rapids, MI 49504
$199,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:april moayyer
Office:moayyer real estate
MLS#:25012461
Source:MI_GRAR

Price summary

  • Price:$199,000

About this home

Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer—making for a low-maintenance investment. The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants. With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.

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Home facts

  • Year built:1905
  • Listing Id #:25012461
  • Added:137 day(s) ago
  • Updated:August 13, 2025 at 07:30 AM

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1905
  • Lot area:0.06 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Tax amount:$1,435 (2024)