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Corbin Gearhart

corbin@fullcircleregroup.com +1(517) 282-7166

$ 285,000

Est. payment -/mo

Save

Price Dropped by $9K

733 Lafayette Avenue NE Grand Rapids, MI 49503

2 Beds

6,098 Sqft Lot

UPDATED:

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

Listed by Emily Anderson of Greenridge Realty South Haven

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Corbin Gearhart

+1(517) 282-7166 | corbin@fullcircleregroup.com

Corbin Gearhart

733 Lafayette Avenue NE Grand Rapids, MI 49503

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

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733 Lafayette Avenue NE