601 Lafayette Avenue, Grand Rapids 49503
This property has been Sold!
05/31/2016 at $170,000
Great investment opportunity on the outskirts of Heritage Hill. 9% cap rate. Easy to rent as it is conveniently located close to popular restaurants, shopping, and downtown Grand Rapids. This 2 unit brings in $2000/month in rent. Unit 1 rents for $1100/month and is leased until 8/31/2016. Unit 2 currently pays $900/month and is leased until 8/1/2016. Each unit is 3 bedroom 1 bathroom with split utilities. The home has lots of recent updates including new roof(2014), freshly painted exterior(2015), water heaters(2014), flooring in both units(2014), appliances in both units(2014), and furnace in unit 1(2014). Check this one out today. Seller is a licensed realtor in the State of Michigan.
Rooms and Land
- Number of Units
- 1 Bedroom Units
- 2 Bedroom Units
- Full Basement
- Forced Air, Natural Gas
Listing Video for 601 Lafayette Avenue, Grand Rapids MI 49503
Listing Courtesy of Re/Max Of Grand Rapids (fh)
Office Address 4362 Cascade Road Se
Listing Agent Ashleigh Vanduinen
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Our Michigan real estate agents can answer all of your questions about 601 Lafayette Avenue, Grand Rapids MI 49503. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Grand Rapids, Michigan real estate market. To sell or buy a home in Grand Rapids, Michigan, contact our real estate agents as we know the Grand Rapids, Michigan real estate market better than anyone with over 100 years of experience in Grand Rapids, Michigan real estate for sale.
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