Kathy FlemingReed City Realty, REALTOR®,

231-388-2454

623 Lane Avenue NW 625, Grand Rapids, MI 49504

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$319,000
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  • Bedrooms  
  • Bathrooms  
  • SQ. FT.  
  • Schools Grand Rapids
  • County Kent
  • Township City of Grand Rapids
  • Above Grade Sq. Ft.  
  • Below Grade Sq. Ft.  
  • Bedrooms  
  • Bathrooms  
  • Basement Michigan Basement
  • Garage  
  • Acreage 0.11
  • Heat Type Forced Air
  • Central Air  
  • Year Built 1905
  • Style  
  • Exterior  
  • Taxes  
  • SEV 174100
  • Zoning R-2
  • Parcel 41-13-23-413-014
  • Lot Size 37.5*122.55*37.5*122.65

Features

Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

Listing Courtesy of Connor Anderson - ReSIDE Grand Rapids

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