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$ 305,000
Est. payment /mo
Price Dropped by $14K
623 Lane Avenue Grand Rapids, MI 49504-5018
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70540987
Year Built 1905
Annual Tax Amount $8,990
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 37.5*122.55*37.5*122.65
Property Sub-Type Multi-Family
Property Description
Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Location
State MI
County Kent
Area Grand Rapids (41032)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Parking Features Additional Garage(s)
Building
Lot Description Wooded
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by ReSIDE Grand Rapids