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About This Home

This 6-bedroom, 0-bathroom residential multi family at 240 Union Avenue SE in Grand Rapids, MI is listed for $449,900. Built in 1890, on a 0.15 acres lot.

Agent Description

Excellent owner-occupied or investment opportunity in the heart of Heritage Hill! This classic duplex offers historic charm and strong income potential, with one unit already rented at $1,900/month to excellent long-term tenants and the other unit primed to immediately rent at a similar pricepoint.

Both units are rental certified with the City of Grand Rapids until May of 2031, with the certifications transferable to the new owner. Each spacious 3-bedroom unit features timeless character with rich woodwork and generous living space, along with a full appliance package including dishwasher, range, refrigerator, and garbage disposal.

The upper unit includes in-unit laundry, while the lower unit offers dedicated basement laundry, as well as 9-ft ceilings and original pocket doors. Current tenants keep the unit in amazing condition, have never been late on rent, and would love to stay.

Enjoy a beautifully maintained yard with vibrant flowers and great curb appeal. Located in one of Grand Rapids' most desirable historic districts, this home is highly walkable to downtown amenities, dining, and parks, including establishments like Donkey, Wealthy Street Bakery, the Winchester, Brewery Vivant, Maru Sushi, and Grove, as well as proximity to hospitals and all that East Town has to offer. Don't miss this rare opportunity to own a standout Heritage Hill property with immediate income and long-term upside

Key Features

  • Built in 1890
  • 0.15 acre lot
  • 3 parking spaces

Property Details

2 full
3 spaces
1890

Monthly Cost Estimate

$2,406/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

240 Union Avenue SE

Grand Rapids, MI 49503

Heritage Hill

Property Details

Construction

Wood Siding

Heating

Forced Air

Questions & Answers

This 6-bedroom, 0-bathroom residential multi family at 240 Union Avenue SE is listed at $449,900. The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.

Key features include: Built in 1890, 0.15 acre lot, 3 parking spaces.

This property is listed by Paul Bunce and can be reached at 6166442969 or paul@paulbunce.com.

PB

Paul Bunce

Agent at Paul Bunce Real Estate

(616) 644-2969

Listed by Paul Bunce Real Estate · View on Broker Site

MLS# 26017295· Source: listhub· Updated 1 days ago

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240 Union Avenue SE, Grand Rapids, MI 49503

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