429 Laurel Street SW, Grand Rapids, MI 49503
$338,000 - Sold
- MLS#: 26004398
- Number of Units: 3
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1900
- Basement: Yes
- Air: None
- Lot Size: 50*115
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: .13
- Heat: Forced Air/Natural Gas
- PPN: 41-13-36-182-008
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Electricity Available,Natural Gas Available,Public Sewer,Public Water,Storm Sewer
- Extras: None
- Lot Description:
- Frontage/Type: 50 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $329,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: MLK to Oakland north to the property
- Property Description: Income-producing 3-unit property consisting of one duplex and one single-family home. All units are currently occupied with a combined monthly rent of $3,550, exceeding the 1% rule. The duplex recently completed a ''Get the Lead Out'' inspection with significant improvements made, and the lower unit was fully remodeled prior to the current tenancy. The single-family home features a long-term tenant of over 10 years, and the upper duplex unit is also occupied by a long-term tenant. Strong rental history with reliable tenants and consistent payments. Solid cash-flow opportunity for an investor seeking stability over flash. This property is professionally managed and management can continue. An inspection report provided by the management company United Properties is in the attached documents.
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