601 Lafayette Avenue, Grand Rapids 49503

$174,900

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MLS#: 16004909
• For Sale

This property has been Sold!

05/31/2016 at $170,000

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248-304-6700

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

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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.

Property Information    

Status
Sold 
Address
601 Lafayette Avenue 
City
Grand Rapids 
Zip
49503 
Year Built
1900 
Possession
Ac 
County
Kent 

School Information

School District
Grand Rapids 

Taxes

Taxes
$1,588 

Rooms and Land

Number of Units

Features

Basement
Full Basement 
Heating
Forced Air, Natural Gas 

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Listing Broker

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Listing Courtesy of Re/Max Of Grand Rapids (fh)
Office Address 4362 Cascade Road Se
Listing Agent Ashleigh Vanduinen