822 NE Carrier Creek Boulevard NE
Property Description
Open House Sat, Oct 3, 12-2 PM. No private showings. Fully leased 1982 4-unit on a private drive in NE Grand Rapids. Three neighboring 4-units on the drive are also for sale (16 units total!). Buy multiple and control the drive for potential ADUs, condo conversion, or a scaled long-term hold. Three units are month-to-month, giving room to reposition. Four 2BR/1BA units, approx. 900 sq ft each. Every unit has in-unit washer/dryer and its own furnace, water heater, and central AC. Tenants pay electric and gas; owner pays water, sewer, trash, lawn, and snow. Solid surface floors, one-piece tub/showers, and French doors to private decks (upper) or patios (lower). Lower units include dishwashers. Updates: 4 new AC units, new furnace, new water heater, one unit fully repainted, and overhanging trees removed from roofline. Unit rents shown are HUD FY2026 Fair Market Rent for a GR-area 2BR. Actual rents are below FMR, leaving room to grow income. Buyer to verify zoning for ADU/condo plans. Owning two or more buildings on the drive consolidates management, maintenance, and snow removal on one site. Unit layout: two lower and two upper units, each with a living room and dining area.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $650,000 |
| No. of Units: | 4 |
| Year Built: | 1982 |
| Opportunity Zone: | No |
| Price per unit: | $162,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-GRARMI-26051651
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