750 Lake Dr Grand Rapids, MI 49503

Property Details for 750 Lake Dr

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of five multi-family buildings located in Grand Rapids, Michigan, within Kent County, specifically in the 49503 zip code. The portfolio comprises a total of ten rental units, strategically situated across five addresses: 750, 716, 730, 732 Lake Drive SE, and 305 Eastern Avenue SE. The properties offer a mix of unit sizes and configurations to cater to diverse tenant needs. Two buildings feature two 3-bedroom, 1-bathroom units (2500 sq ft total) and another two buildings each contain two 2-bedroom, 1-bathroom units (1600 sq ft total). The remaining building offers a mix of a 2-bedroom, 1-bathroom unit and a 3-bedroom, 1-bathroom unit (1600 sq ft total). This portfolio presents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation potential in a desirable Grand Rapids location. The asking price for this turnkey investment is $1,400,000. The properties are offered as a single package, providing a streamlined acquisition process and significant economies of scale. This is a rare opportunity to acquire a well-established rental portfolio in a thriving market. Detailed financial information and property specifics are available upon request.