Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner… Read More pays for water and sewer--making for a low-maintenance investment.The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants.With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss thissolid investment opportunity in a growing market! Back on market due to buyer financing. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Moayyer Real Estate, [email protected], (616) 350-3429.
Listing Snapshot
Days Online
91
Last Updated
Property Type
Multifamily
Lot Size
0.06 Acres
Year Built
1905
MLS Number
65025012461
30 Days Snapshot Of 49504
$341k
+10%
(avg) sold price
34
-22%
homes sold
43
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Pub. Sidewalk
Basement
Basement?: 1
Building
2 total units, 2 one-bedroom units, Built in 1905, Vinyl, Unit count: 2
Foundation
Michigan Basement
Water Features
Public (Municipal)
Heating
Baseboard, Forced Air, Electric
Interior Features
Laundry Facility
Lot
Lot size area: 0.06, Lot size dimensions: 33 x 75
Property
Property type: Multifamily
Taxes
Tax amount (summer): $1,435
Sewer
Public Sewer (Sewer-Sanitary), Sewer at Street
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