834 SHERMAN ST SE GRAND RAPIDS MI 49506-2606
100% leased, investment opportunity
Marketing description
Opportunity to acquire a stabilized 4-unit multifamily asset at 834 Sherman St SE in Grand Rapids. The property is 100% occupied and features a strong unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, appealing to a broad tenant base and supporting consistent cash flow.
This historic property offers functional layouts with tenant-friendly features including on-site parking and landlord-owned shared laundry, providing additional income potential. Recent leasing performance and full occupancy demonstrate solid demand in the immediate area.
Investment highlights
Well-maintained 4-unit apartment building located at 834 Sherman St SE in Grand Rapids. The property is 100% occupied and features a desirable unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, providing strong and diversified rental income.
Built in 1855, this property offers historic character with functional layouts and includes landlord-owned shared laundry in the basement, creating an additional income opportunity. Tenants benefit from on-site parking and a central location with convenient access to downtown, major employers, universities, and public transportation.
Located in the Baxter neighborhood, the asset is positioned in a high-demand rental area near amenities, dining, and employment centers, supporting long-term occupancy and rent growth.
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