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$274,900
Est. payment /mo
2,082 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,082 sqft
Price per Sqft $132
MLS Listing ID 65026038725
Year Built 1900
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type MultiFamily
Property Description
Investment Opportunity: Spacious Duplex Near Downtown Grand Rapids. Located just 2 miles from downtown Grand Rapids in the Southeast neighborhood, this well maintained, professionally managed duplex offers a turnkey opportunity for investors. This property is located in an area that has seen ongoing investment and infrastructure upgrades in recent years. Current leases are in place through 5/31/2027, giving a new owner immediate, stable cash flow with no lease-up period and a smooth transition. Each unit has its own distinct entrance, with the lower unit offering both front and back access for added convenience and tenant appeal. Separate utility meters for each unit, simplifying billing and reducing owner overhead Recently updated appliances in place, reducing near term capital expenditures.Detached garage located at the rear of the lot, adjacent to the driveway entrance, offering additional rentable storage potential or added tenant amenity. Strong rental demand location close to downtown employment, dining, and amenities. Whether you are adding to an existing portfolio or purchasing your first income property, this duplex offers upside in an improving submarket. Schedule your showing today - 48 hours notice preferred for showings.
Location
State MI
County Kent
Area Area41142Grandrapids
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Paved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Foundation MichiganBasement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition Standard
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Listed by Angela J Worth of Bellabay Realty (North)
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