27 Colfax ST NE, City Of Grand Rapids, MI 49505
27 Colfax ST NE, City Of Grand Rapids, MI 49505
27 Colfax ST NE, City Of Grand Rapids, MI 49505
27 Colfax ST NE, City Of Grand Rapids, MI 49505
27 Colfax ST NE, City Of Grand Rapids, MI 49505
27 Colfax ST NE, City Of Grand Rapids, MI 49505
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Nick Sage

Nick Sage

+1(248) 240-4901
$ 499,000
Est. payment | /mo

3,082 SqFt

Save
$ 499,000
Est. payment | /mo
Save

3,082 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,082 sqft

Price per Sqft $161

MLS Listing ID 65026049304

Year Built 1875

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type MultiFamily

Property Description

Excellent investment opportunity in growing NE Grand Rapids! This City-certified 4-unit multifamily property is 100% occupied with great tenants and all leases secured through July 2027, providing immediate cash flow and a smooth transition for the next owner. Current gross rents total $5,005/month ($60,060 annually), putting the property right around the desirable 1% rent-to-price benchmark. Many updates have been completed throughout the units, making this a strong addition to an investor's portfolio. The property also features a large backyard, alley access, and street frontage. With established tenants, strong current rents, City certification until 09/08/2029, and long-term leases already in place, this is an attractive opportunity to acquire a stabilized income-producing property in NE Grand Rapids with future upside. Professional Property Management available making this an easy all around acquisition. 24 hr notice required- Submit pre-approval to listing agent prior to showing

Location

State MI

County Kent

Area Area41142Grandrapids

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry CommonArea, LaundryRoom

Exterior

Community Features Sidewalks

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Timothy J VandenToorn of United Realty Services LLC

Nearby Locations

Nick Sage

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 240-4901

nicksage74@gmail.com

8195 S Saginaw St, Grand Blanc, MI 48439-1885, USA

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27 Colfax ST NE