Fantastic investment opportunity on the NW side of Grand Rapids producing $3,120/month in gross rental income. This duplex features two 2-bedroom, 1-bath units totaling approximately 1,460 square feet and offers stable cash flow with demonstrated rental performance throughout 2024 and 2025.
The lower unit features a traditional layout with separate gas forced-air heat and tenant-paid gas and electric, while the upper unit is configured for per-bedroom rental with landlord-paid utilities. Major capital improvements include a roof replacement approximately 10 years ago.
Conveniently located near downtown Grand Rapids, shopping, restaurants, parks, and major commuter routes. Solid opportunity for investors seeking a stabilized asset with immediate cash flow in a high-demand rental market.
58 days
|
250
|
14
|
Zillow last checked:
Listing updated:
Listed by:
Paul Straub616-490-0945,
Five Star Real Estate (Grandv)616-257-1500
Source: MichRIC,MLS#: 26023667
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Heating
Forced Air, Space Heater
Cooling
None
Appliances
Laundry: Gas Dryer Hookup
Features
Basement: Full
Interior area
Total interior livable area: 1,460 sqft
Property
Parking
Total spaces: 2
Parking features: Concrete, Driveway
Lot
Size: 3,049 Square Feet
Dimensions: 35 x 85
Details
Parcel number: 411323431004
Zoning description: Res Multifamily
Construction
Type & style
Home type: MultiFamily
Property subtype: 2 to 4 Units
Materials
Wood Siding
Roof: Composition
Condition
New construction: No
Year built: 1900
Utilities & green energy
Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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