2561-2563 Burton Street SE Grand Rapids, MI 49546
MULTI_FAMILY - Grand Rapids, MI
Property Features for 2561-2563 Burton Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 4
- Basement
- Walk-Out Access
- Standard status
- Active
- APN
- 41-18-03-357-005
- Size
- 2,000 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF LOTS 7 & 8 COM 24 FT WLY ALONG S LINE OF LOT 8 FROM SE COR OF LOT 8 TH W ALONG S LINES OF LOTS 7 & 8 TO A PT 46 FT WLY ALONG S LINE OF LOT 7 FROM SE COR OF LOT 7 TH N PERP TO S LINE OF LOT 7 TO N LINE OF LOT 7 TH E ALONG N LINES OF LOTS 7 & 8 TO A LINE BEARING N PERP TO S LINE OF LOT 8 FROM BEG TH S TO BEG * PARIS HIGHLANDS
- Tax Annual Amount
- 3545
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Composition
Listing agent Tammy Jo Budzynski License #6506043034 (616) 287-3162
Listing office Keller Williams GR North 3237 Platinum St NE, Grand Rapids, MI (616) 447-9100
Listing date Apr 17, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in highly desirable Breton Village, near shopping, dining, and amenities.
- Turnkey duplex with nearly 2,000 square feet of updated living space.
- Fully leased with reliable tenants, ensuring immediate rental income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $30.3k | $15.15 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.2k | $10.60 |
