$190,000
$180,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
6,447 Sqft Lot
SOLD DATE : 04/23/2025
Key Details
Sold Price $190,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 25010223
Sold Date 04/23/25
Year Built 1905
Annual Tax Amount $1,542
Tax Year 2025
Lot Size 6,447 Sqft
Acres 0.15
Lot Dimensions 50X129
Property Sub-Type 2 to 4 Units
Property Description
Turnkey Duplex with Strong Rental History
Invest in this cash-flowing duplex in Grand Rapids, offering a fantastic opportunity for both seasoned & first-time investors. The 3 bed 1 bath upper unit has been completely remodeled and is move-in ready, featuring a brand-new kitchen, fresh paint, new carpet & LVT kitchen flooring. A new refrigerator & range complete the modern updates, making it an attractive option for tenants. Market rent for the unit is $1,200/mo. (Section 8 limit is $1963!)
The 3/1 lower unit is occupied by a long-term tenant, $900/mo, M2M, providing immediate stability for your investment. This property boasts newer mechanicals and a strong rental history, ensuring peace of mind for the next owner. With a potential gross rental income upwards of $2400/mo this duplex offers great cash flow at an affordable price point.
Don't miss this turnkey investment opportunity. Schedule your showing today!
Owner is a licensed Realtor in the State of MI.
All/any offers to be held and reviewed Mon 24th March 9am this duplex offers great cash flow at an affordable price point.
Don't miss this turnkey investment opportunity. Schedule your showing today!
Owner is a licensed Realtor in the State of MI.
All/any offers to be held and reviewed Mon 24th March 9am
Location
State MI
County Kent
Area Grand Rapids - G
Direction EASTERN TO EAST ON ALEXANDER TO PROPERTY
Rooms
Basement Michigan Basement
Interior
Interior Features Broadband
Heating Forced Air
Cooling None
Fireplaces Number 1745
Laundry None
Exterior
Parking Features Concrete, Driveway
Utilities Available Phone Available, Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Total Parking Spaces 4
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-32-308-020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with City2Shore Real Estate (GR)
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