$599,000
4240 Norman Drive SE
Grand Rapids, MI, 49508
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.
Property Details
Price:
$599,000
MLS #:
25013671
Status:
Active
Beds:
0
Baths:
0
Address:
4240 Norman Drive SE
Type:
Single Family
Subtype:
2 to 4 Units
City:
Grand Rapids
Listed Date:
Apr 14, 2025
State:
MI
ZIP:
49508
Lot Size:
11,979 sqft / 0.28 acres (approx)
Year Built:
1972
Schools
School District:
Kentwood
Interior
Cooling
Central Air
Fireplaces Total
1
Heating
Forced Air
Laundry Features
Common Area
Exterior
Construction Materials
Aluminum Siding, Brick
Parking Features
Asphalt, Driveway
Parking Spots
8
Roof
Composition
Financial
Tax Year
2024
Taxes
$7,590
Mortgage Calculator
Map
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4240 Norman Drive SE
Grand Rapids, MI
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