4-unit investment property with day one cash flow! Current rents of $5,170 total a month. Each unit offers 2 beds and 1 bath, with updates throughout in recent years. All four furnaces were replaced in 2019, and new water heaters installed in 2024. Fresh exterior paint, deck repairs, and new roof fascia enhance curb appeal and long-term value. Strong rental history with modernized interiors. Don't miss out on this great opportunity for passive income!
Pending
$470,000
407 11th St NW #409, Grand Rapids, MI 49504
8beds
4baths
3,208sqft
Est.:
2 to 4 Units
Built in 1900
-- sqft lot
$449,300 Zestimate®
$147/sqft
$-- HOA
What's special
Modernized interiorsDeck repairsFresh exterior paintNew roof fascia
- 78 days
- on Zillow |
- 73 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 12:28pm
Listed by:
Connor Anderson 616-648-6353,
MOXIE Real Estate + Development 616-890-7794
Source: MichRIC,MLS#: 25023277
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Michigan Basement
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,208 sqft
Property
Parking
- Parking features: Unpaved
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 45 x 74
Details
- Parcel number: 411324130059
- Zoning description: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $91,111
- Annual tax amount: $4,583
- Date on market: 6/3/2025
- Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
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