649 Eastern Avenue SE, Grand Rapids, MI 49503


$138,000 - Sold


  • MLS#: 18025923
  • Number of Units: 2
  • Type: 2 to 4 Units
  • School District: Grand Rapids
  • County: Kent
  • Taxing Authority: City of Grand Rapids

  • Year Built: 1980
  • Basement: Yes
  • Air: None
  • Lot Size: 55* 100
  • Square Footage: 1
  • Exterior: Vinyl Siding
  • Water: Public
  • Acreage: .12
  • Heat: Forced Air/Natural Gas
  • PPN: 41-14-31-279-029
  • Sewer: Public
  • Water Body: None

  • Water Features: None
  • Utilities Attached: Electric,Natural Gas
  • Utilities Available at Street: Natural Gas
  • Extras: None

  • Lot Description: 
  • Frontage/Type: 55 / Street, 0 / Water
  • Terms: Cash, Conventional, FHA
  • Original Price: $144,900
  • Complex Name: 
  • Association Amenities: 
  • Association Includes: 
  • Directions: Wealthy St south on Eastern 1/2 mile to home

  • Property Description: Talk about opportunity, here it is. Everyone knows Grand Rapids is growing, and here is your opportunity to own an income producing duplex with split utilities and fantastic floor plan on a street ripe for development. This property is a 2 min ride to Donkey Taqueria, The Winchester,Elk Brewery and several other hot Grand Rapids attractions. Wait for the development to work down Wealthy St south all while earning a 16% Cash on cash return or a 9% CAP using a prediction of $850 per unit for rent. Professional management available by United Properties of West Michigan.

  • Commission Offered:
  • Buyer Agency: 3.00 %  Sub Agency: 3.00 %   Transaction Coordinator: 2.00 %

  • Disclaimer: The listing broker's offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.


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