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Tim Sova

[email protected] +1(810) 844-2316

$ 294,000

Est. payment -/mo

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733 Lafayette AVE NE MI 49503

1,740 SqFt

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,740 sqft

Price per Sqft $168

Subdivision Mohrhard S Second Sub

MLS Listing ID 69025024555

Year Built 1900

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

Property Description

Opportunity Knocks! This well-located duplex currently generates $2,700/month in rental income with tenants covering some utilities, offering a strong foundation for your investment strategy. In-unit laundry is being added soon, boosting appeal and rentability even further.Each unit has its own private entrance and separate utilities, with a 3 bed/1 bath upstairs and a 2 bed/1 bath downstairs--ideal for long-term tenants or flexible rental strategies.The property is professionally managed, which can allow for a smooth transition for the next owner--whether you choose to self-manage or keep the current systems in place.Situated just minutes from Medical Mile and downtown Grand Rapids, and conveniently located on a bus route, this property offers solid rental demand in a......desirable neighborhood.
Whether you're a seasoned investor, first-time house-hacker, or someone exploring furnished rentals for traveling professionals like nurses, this property affords many options.
Request full financials from the listing agentthis is one to seriously consider.

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement WalkOutAccess

Interior

Heating ForcedAir, NaturalGas

Fireplace No

Laundry InBasement

Exterior

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected

View Y/N No

Roof Type Composition

Building

Foundation MichiganBasement

Sewer PublicSewer, SewerAtStreet

Water Public

New Construction No

Schools

High Schools Grandrapids

School District Grandrapids

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition Standard

Listed by Emily Anderson of Greenridge Realty South Haven

Tim Sova

Broker Associate

+1(810) 844-2316

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Brighton, MI

Tim Sova

733 Lafayette AVE NE MI 49503

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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733 Lafayette AVE NE