27 Colfax Street Ne NE
Grand Rapids, Michigan 49505
6
Bed
0
Bath
0.16Acre(Lot)
Excellent investment opportunity in growing NE Grand Rapids! This City-certified 4-unit multifamily property is 100% occupied with great tenants and all leases secured through July 2027, providing immediate cash flow and a smooth transition for the next owner. Current gross rents total $5,005/month ($60,060 annually), putting the property right around the desirable 1% rent-to-price benchmark. Many updates have been completed throughout the units, making this a strong addition to an investor's portfolio. The property also features a large backyard, alley access, and street frontage. With established tenants, strong current rents, City certification until 09/08/2029, and long-term leases already in place, this is an attractive opportunity to acquire a stabilized income-producing property in
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Interior Features
Laundry Facility Roof: Composition -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1875 Total Units: 4 Roof: Composition -
Utility Features
Sewer: Sewer (Sewer-Sanitary),Sewer at Street -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.16 Lot Dimensions: 50*135 Frontage Feet: 38 -
Property Information
Financing: Cash,Conventional
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Listing Price Information
Original List Price: $499,000 -
Listing Information
Possession: At Close Legal Description: E 3/4 OF LOT 21* SUBDIVISION OF LOT 102 COIT & CURTIS PARTITION PLAT
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Tax Information
Annual Tax: $4,441 Parcel Number: 411418301020Possession
At CloseLegal Information
Legal Description: Section: E 3/4 OF LOT 21* SUBDIVISION OF LOT 102 COIT & CURTIS PARTITION PLAT
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Unit 1 Information
# of Bedrooms: 2 -
Unit 2 Information
# of Bedrooms: 2
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School Information
School District: Grand Rapids -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1420 Buffalo Avenue Ne NE, Grand Rapids, MI, 49505 | $264,900 | 4 | -- | -- | 0.12 Acre |
| 238 Travis Street Ne NE, Grand Rapids, MI, 49505 | $239,000 | 3 | -- | -- | 0.13 Acre |
| 1501 College Avenue Ne NE, Grand Rapids, MI, 49505 | $289,900 | 4 | -- | -- | 0.23 Acre |
| 1758 NE Coit Avenue Ne NE, Grand Rapids, MI, 49505 | $285,000 | 5 | -- | -- | 0.16 Acre |
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Nearby For Sale
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ByOwner last updated this listing 10/08/2026 @ 03:45
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