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Melissa Emery

melissa@realtorsinmichigan.com +1(616) 450-2586

$550,000

Est. payment - /mo

9 Beds

3 Baths

2,569 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,569 sqft

Price per Sqft $214

Municipality City of Grand Rapids

MLS Listing ID 26028358

Style Ranch

Bedrooms 9

Full Baths 3

Year Built 1946

Annual Tax Amount $5,313

Tax Year 2026

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 3x 40x120

Property Sub-Type Single Family Residence

Source Michigan Regional Information Center (MichRIC)

Property Description

Investor Opportunity: 3-Home Package in Grand Rapids Excellent opportunity to acquire three income-producing single-family homes as a package: 1722, 1726, and 1727 Alto Ave SE, Grand Rapids, MI. Offered together at $550,000, this portfolio provides immediate rental income with additional upside potential. 1722 Alto Ave SE features 4 bedrooms and 1 bath, 1726 Alto Ave SE features 3 bedrooms and 1 bath. Both are currently rented at $1,400/month. Both properties have long-term tenants in place dating back to before 2015, contributing to a strong history of occupancy and consistent rental performance. Given the length of tenancy, current rents may be below today's market levels, offering potential future upside for the next owner. The third home, 1727 Alto Ave SE, features 2 bedrooms and 1 bath and was recently remodeled. The most recent rent was $1,250/month, with strong potential for increased rental income following the updates. Seller is a licensed REALTOR in MI. All three properties have recently received 6-year City of Grand Rapids rental certifications, adding value and peace of mind for investors. Whether you are expanding an existing portfolio or looking for a multi-property investment with established rental history, this package offers a compelling combination of current cash flow, long-term tenant stability, below-market rent potential, and future rent growth opportunity. All three properties have recently received 6-year City of Grand Rapids rental certifications, adding value and peace of mind for investors. Whether you are expanding an existing portfolio or looking for a multi-property investment with established rental history, this package offers a compelling combination of current cash flow, long-term tenant stability, below-market rent potential, and future rent growth opportunity.

Location

State MI

County Kent

Rooms

Basement Full

Interior

Interior Features Broadband

Heating Forced Air

Fireplace false

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Parking Features Detached

Garage Spaces 3.0

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer

View Y/N No

Roof Type Shingle

Street Surface Paved

Garage Yes

Building

Lot Description Sidewalk

Story 2

Sewer Public

Water Public

Architectural Style Ranch

Structure Type Aluminum Siding,Brick,Wood Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-18-05-331-016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Paul Bunce Real Estate

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Melissa Emery

+1(616) 450-2586

Agent | License ID: 6501427396

Agent License ID: 6501427396

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1722-1727 Alto SE Avenue Grand Rapids, MI 49507

Melissa Emery

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1722-1727 Alto SE Avenue