733 Lafayette AVE NE Active Save Request In-Person Tour Request Virtual Tour
MI 49503
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
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
Interior
Heating ForcedAir, NaturalGas
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
Schools
School District Grandrapids
Others
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition Standard