Well-maintained 2-unit investment property located within close distance to GVSU's downtown business campus. Unit 1 features 2 bedrooms and 1 full bathroom with current rent at $1,100/month. Unit 2 offers 1 bedroom and 1 full bathroom with current rent at $1,200/month. Both leases run through 7/15/2026, providing immediate and stable… Read More rental income.The property is City Certified through 3/28/2028 and has several updates, including newer siding, vinyl replacement windows, and water heaters that are approximately four years old. One furnace is approximately 8 years old and the second is approximately 18 years old. Property has split electric and gas meters. Strong rental history, solid mechanicals, and a prime downtown location make this an attractive addition to any investment portfolio.Full inspection report available for buyer's convenience. To respect tenant privacy, showings are limited to Thursdays from 3-5 PM and Saturdays from 10 AM-1 PM. Read Less
Courtesy of Re/Max of Grand Rapids (Grandville), 616-957-0700.
Listing Snapshot
Days Online
54
Last Updated
Property Type
Multi-Family
Lot Size
0.95 Acres
MLS Number
70514426
30 Days Snapshot Of 49504
$459k
+129%
(avg) sold price
8
+166%
homes sold
65
+622%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2 total units, Built in 1870
Exterior Features
Vinyl Siding
Foundation
Basement
Heating
Natural Gas, Forced Air
Lot
Lot size: 63 x 66, 0.95 acres
Owner Pays
Water/Sewer
Taxes
Total amount: $3,127, Year: 2025
Unit One
Rent: $1,100, Occupied status: Yes
Unit Two
Rent: $1,200, Occupied status: Yes
Unit Five
Bedroom 2 width: 63
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