1220 Lafayette Avenue SE, Grand Rapids, MI 49507
$239,500 - Sold
- MLS#: 25053861
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1900
- Basement: Yes
- Air: None
- Lot Size: 41x116
- Square Footage: 2,049
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: .11
- Heat: Forced Air/Natural Gas
- PPN: 41-18-06-128-005
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected
- Utilities Available at Street: High Speed Internet
- Extras: None
- Lot Description:
- Frontage/Type: 41 / Street, 0 / Water
- Terms: Cash, Conventional, FHA, MSHDA, VA Loan
- Original Price: $239,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: E on HallS on Lafayette
- Property Description: Charming duplex in a convenient location near US-131, perfect for house hackers or investors! Property features two spacious 3 bed, 1 bath units with vinyl siding, replacement windows, and a brand new roof. The lower unit is occupied by a long-term, easygoing tenant on month-to-month at $1,960/month with an increase in progress. The upper unit offers great potential with a new furnace and water heater-move-in ready or ideal for maximizing market rent. Shared laundry available in the basement. Enjoy a fully fenced backyard, perfect for pets or outdoor living. Off-street parking and strong rental demand area. Solid cash-flow opportunity with room for value-add improvements. Rental certificate through 5/11/2028. Don't miss this versatile income property!
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