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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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130 College Ave NE , Grand Rapids, MI 49503
$415,000
Est. Payment: $2,137.04/mo
0 Bed
3 Bath
0 Sqft
Status: pending | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Turnkey Heritage Hill Investment Opportunity! This fully rented 3-unit property offers immediate income in one of Grand Rapids' most desirable neighborhoods. Ideally located within walking distance of Downtown Grand Rapids, the Medical Mile, Michigan Street, Martha's Vineyard, and countless restaurants, coffee shops, and local amenities, this property is perfectly positioned to attract long-term tenants. The spacious main floor unit features 2 bed rooms, 2 full baths, a kitchen with a large center island, in-unit washer and dryer, garage parking, a private patio overlooking the large backyard, and a full basement with abundant storage. Located on the second floor, Unit 2 is filled with natural light and offers a cozy bedroom, full bathroom, and inviting living space. Also on the second floor, Unit 3 features a spacious living room, comfortable bedroom, bathroom, and kitchen. With all three units currently leased, this well-maintained property provides immediate cash flow with excellent long-term investment potential. The exterior has a new fresh coat of paint that was just completed. Whether you're looking to expand your portfolio or invest in one of Grand Rapids' most sought-after historic neighborhoods, this Heritage Hill multi-family is an opportunity you won't want to miss. Showings to begin after 12pm on Friday, July 17th. Offers will be due on Sunday 07/19/26 by 6pm.

Highlights

Listed by Sommer Dockery , 773-329-1734 and Meagan Zerfas , 616-304-8130 Novosad Realty Partners , 616-575-0140. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.24

Year Built

1890

County

Kent

School District

Grand Rapids

Listing ID

26036097

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Crawl Space,Michigan Basement,Partial

Exterior Features

Lot:Level
Garage Capacity:4
Roof:Composition
Parking Features:Paved
Principal Interest
$2,137
Taxes
$586

Home Price

$415,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$83,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,137.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,137.04 $585.95 $0.00 $2,722.99
Yearly $25,644.48 $7,031.39 $0.00 $32,675.87
Total $769,334.47 $210,941.70 $0.00 $980,276.17
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

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