3 Unit Executive Rental Multi-Family Grandville

2905 Earle Ave SW, Grandville, MI 49418

$330,000 After Repair Value -
$299,000 Asking Price -
$0 Cost of Repairs =
$31,000 Potential Profit

Property Details

Asking Price $299,000

After Repair Value $330,000

Costs of Repairs $0

Potential Profit $31,000

Living Area 2115 ft2

Property Type Multi-Family

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 3

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $3,000

Yearly Expenses $9,985

Property Taxes $2,200

Net Operating Income $19,175

Cap Rate 9

Property Description

Sharp stand-alone duplex/triplex or commercial in downtown Grandville. On City of Grandville Masterplan as commercial/retail. Great exposure with high traffic counts makes this an extraordinary investment. Building recently gutted out rebuilt and expanded, new 3-car 22 X 27 garage with 9-foot ceilings on 5-foot foundation – this allows future owner to expand upward over garage and join to main building if in need of more square footage. Current investor/owner already cleared this with City of Grandville. New to studs 2018 and rebuilt into three separate units, all with own ingress/egress within the main structure. Common area laundry on main floor for additional income opportunities. Broker/Owner Karla 616-719-0658.


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