506 Fairview NE Avenue Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25019621
Year Built 1895
Annual Tax Amount $6,000
Tax Year 2025
Lot Size 2,570 Sqft
Property Sub-Type 2 to 4 Units
Property Description
Calling all investors! Like-new duplex just steps from Medical Mile in the sought-after Belknap Lookout neighborhood. Could easily gross $48K/yr. Completely rebuilt in 2020 on the original foundation, this modern 2-unit property features separate utilities & nearly identical layouts: each unit offers 3 bedrooms, 1 full bath, in-unit laundry, and all the modern conveniences tenants desire. Excellent rental history. Unit 1 is currently month-to-month & Unit 2 is leased through July. Includes 2 private parking spots w/abundant permitted street parking available. Public transit nearby. A rare turnkey opportunity! 24 hour notice required for showings.
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Laundry In Unit,Laundry Closet
Exterior
Parking Features Concrete,Driveway
Utilities Available Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer
View Y/N No
Roof Type Composition
Building
Lot Description Sidewalk
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing VA Loan,MSHDA,FHA,Cash
Listing Terms VA Loan,MSHDA,FHA,Cash