831 Alexander Street SE, Grand Rapids, MI 49507
$190,000 - Sold
- MLS#: 25010223
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1905
- Basement: Yes
- Air: None11
- Lot Size: 50X129
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: .15
- Heat: Forced Air/Natural Gas
- PPN: 41-14-32-308-020
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Broadband,Cable Available,Phone Available
- Extras: Sep Electric Meter,Sep Gas Meter
- Lot Description:
- Frontage/Type: 50 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $180,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: EASTERN TO EAST ON ALEXANDER TO PROPERTY
- Property Description: Turnkey Duplex with Strong Rental HistoryInvest in this cash-flowing duplex in Grand Rapids, offering a fantastic opportunity for both seasoned & first-time investors. The 3 bed 1 bath upper unit has been completely remodeled and is move-in ready, featuring a brand-new kitchen, fresh paint, new carpet & LVT kitchen flooring. A new refrigerator & range complete the modern updates, making it an attractive option for tenants. Market rent for the unit is $1,200/mo. (Section 8 limit is $1963!)The 3/1 lower unit is occupied by a long-term tenant, $900/mo, M2M, providing immediate stability for your investment. This property boasts newer mechanicals and a strong rental history, ensuring peace of mind for the next owner. With a potential gross rental income upwards of $2400/mothis duplex offers great cash flow at an affordable price point.Don't miss this turnkey investment opportunity. Schedule your showing today!Owner is a licensed Realtor in the State of MI.All/any offers to be held and reviewed Mon 24th March 9am
The properties on this website are generated from the Broker Reciprocity Program of the MLS Exchange, Inc. Copyright 2015 MLS Exchange, Inc. All rights reserved.