733 Lafayette Avenue NE Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mohrhard S Second Sub
MLS Listing ID 69025024555
Bedrooms 2
Year Built 1900
Annual Tax Amount $6,228
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x121
Source Southwestern Michigan Association of REALTORS®
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 Grand Rapids
Direction I-196, exit on College Ave, then north. Take Hastings (just north of the freeway) West to Lafayette, then turn Right (North). Property is on the left with on-street parking.
Rooms
Basement Walk-Out Access
Interior
Interior Features Laundry Facility,Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 1.0
Roof Type Composition
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411419327031
Ownership Private Owned
Acceptable Financing Cash,Conventional,Trade/Exchange
Listing Terms Cash,Conventional,Trade/Exchange
Financing Cash,Conventional,Trade/Exchange